whispering Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Cost per Unit Estimated Selling Price Cost to Complete and Sell Quantity 1.500 1320 $3.55 $5.00 $1.78 1333 1.200 3.00 5.00 3.77 1426 1,100 5.55 1.55 1437 1,300 4.00 3.55 1.50 1510 1,000 2.50 3.61 1.55 1522 800 3.33 2.00 4.33 0.89 1573 3,300 2.78 1.33 1.67 1626 1,300 5.22 6.66 From the information above, determine the amount of Whispering Company inventory. The amount of Whispering Company's inventory Click if you would like to Show Work for this question: Qeen Show Work
whispering Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Cost per Unit Estimated Selling Price Cost to Complete and Sell Quantity 1.500 1320 $3.55 $5.00 $1.78 1333 1.200 3.00 5.00 3.77 1426 1,100 5.55 1.55 1437 1,300 4.00 3.55 1.50 1510 1,000 2.50 3.61 1.55 1522 800 3.33 2.00 4.33 0.89 1573 3,300 2.78 1.33 1.67 1626 1,300 5.22 6.66 From the information above, determine the amount of Whispering Company inventory. The amount of Whispering Company's inventory Click if you would like to Show Work for this question: Qeen Show Work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Exercise 9-03
X Your answer is incorrect. Try again.
Whispering Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.
Estimated
Cost to Complete
and Sell
Cost
Item No.
Quantity
per Unit
Selling Price
1320
1,500
$3.55
$5.00
$1.78
1333
1,200
3.00
3.77
1.11
1426
1,100
5.00
5.55
1.55
1437
1,300
4.00
3.55
1.50
1510
1,000
2.50
3.61
1.55
1522
800
3.33
4.33
0.89
1573
3,300
2.00
2.78
1.33
1626
1,300
5.22
6.66
1.67
From the information above, determine the amount of Whispering Company inventory.
The amount of Whispering Company's inventory
Click if you would like to Show Work for this question: Open Show Work](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0bd1c1ef-db64-4dda-a51a-6baac1ef08af%2Fa573807c-fd43-4e2c-8dc5-37869542e9a1%2Fbz821v8_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 9-03
X Your answer is incorrect. Try again.
Whispering Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.
Estimated
Cost to Complete
and Sell
Cost
Item No.
Quantity
per Unit
Selling Price
1320
1,500
$3.55
$5.00
$1.78
1333
1,200
3.00
3.77
1.11
1426
1,100
5.00
5.55
1.55
1437
1,300
4.00
3.55
1.50
1510
1,000
2.50
3.61
1.55
1522
800
3.33
4.33
0.89
1573
3,300
2.00
2.78
1.33
1626
1,300
5.22
6.66
1.67
From the information above, determine the amount of Whispering Company inventory.
The amount of Whispering Company's inventory
Click if you would like to Show Work for this question: Open Show Work
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