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Determine the amount of pharoah company inventory

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Question - Pharoah Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

Item No.

Quantity

Cost per Unit

Estimated Selling Price

Cost to Complete and Sell

1320

1,600

$3.58

$5.04

$1.79

1333

1,300

3.02

3.81

1.12

1426

1,200

5.04

5.60

1.57

1437

1,400

4.03

3.58

1.51

1510

1,100

2.52

3.64

1.57

1522

900

3.36

4.37

0.90

1573

3,400

2.02

2.80

1.34

1626

1,400

5.26

6.72

1.68

From the information above, determine the amount of Pharoah Company inventory.

Reference no: EM132280487

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