AT&T; 10:09 PM 82%- Assignment> Open Assignment Graded 09-1 Bonita Company fello

Question

AT&T; 10:09 PM 82%- Assignment> Open Assignment Graded 09-1 Bonita Company fellows the practice of pricing its inventory at LONRV, on an individual-iten basis Leve Submissien) Cost to Complete Item No. Quantity per UnitSelling Price 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Exercise 9 3.02 5,04 1.12 1.57 1.51 1426 5,60 Review Score Review Results by Study 1522 3.36 4,37 0.90 1573 2.02 2.80 1.34 From the information above, determine the amount of Bonita Company inventory. The amount of Bonita Company's inventory Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 10 used SAVE rRATERSURMIT ANSWER

Explanation / Answer

NRV = Estimated selling Price - Cost to complete sales

The amount of Bonita Company's inventory = $33,752

Items Cost per unit ($) NRV per unit ($) LCNRV ($) Quntity Amount 1320 3.58 5,04 - 1.79 = 3.25 3.25 1,600 5,200 1333 3.02 3.81 - 1.12 = 2.69 2.69 1,300 3,497 1426 5.04 5.60 - 1.57 = 4.03 4.03 1,200 4,836 1437 4.03 3.58 - 1.51 = 2.07 2.07 1,400 2,898 1510 2.52 3.64 - 1.57 = 2.07 2.07 1,100 2,277 1522 3.36 4.37 - 0.90 = 3.47 3.36 900 3,024 1573 2.02 2.80 - 1.34 = 1.46 1.46 3,400 4,964 1626 5.26 6.72 - 1.68 = 5.04 5.04 1,400 7,056 Total $33,752

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