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Check out a sample textbook solution- Bonita Company follows the practice of pricing its inventory at LCNRV, on an individual item basis. Item Quant Cost per No. ity Unit Estimated Selling Price Cost to Complete and Sell 1320 1,800 $3.65 $ 5.13 $ 1.82 1333 1,500 3.08 3.88 1.14 1426 1,400 5.13 5.70 1.60 1437 1,600 4.10 3.65 1.54 1510 1,300 2.57 3.71 1.60 1522 1,100 3.42 4.45 0.91 1573 3,600 2.05 2.85 1.37 1626 1,600 5.36 6.84 1.71 From the information above, determine the amount of Bonita Company inventory.arrow_forwardDo fast answer of this general accounting questionarrow_forwardAccounting questionarrow_forward
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