Answer:
The calculation is shown below:
Explanation:
According to the scenario, the computation of the following data can be done as follows:
Total Cost = Quantity × Unit Cost
Total NRV = Net Realizable Value × Quantity
So, by putting the value in the formula, we get,
Item Quantity Total Cost Total NRV Lower of cost or NRV
A 59 $1,416.00 $1,239.00 $1,239.00
B 89 $3,471.00 $4,361.00 $3,471.00
C 19 $1,083.00 $1,159.00 $1,083.00
D 79 $2,686.00 $3,081.00 $2,686.00
E 359 $6,821.00 $5,026.00 $5,026.00
Total $15,477.00 $14,866.00 $13,505.00
