Exercise 9-3 Wildhorse Company follows the practice of pricing its inventory at
ID: 2561859 • Letter: E
Question
Exercise 9-3 Wildhorse Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost per Unit Estimated Selling Price Cost to Complete and Sell Item No.Quantity 1320 1333 1426 1437 1510 1522 1573 1626 1,800 1,500 1,400 1,600 1,300 1,100 3,600 1,600 $3.39 2.86 4.77 3.82 2.39 3.18 1.91 4.98 $4.77 3.60 5.30 3.39 3.45 4.13 2.65 6.36 $1.70 1.06 1.48 1.43 1.48 0.85 1.27 1.59 From the information above, determine the amount of Wildhorse Company inventory. The amount of Wildhorse Company's inventory Click if you would like to Show Work for this question: Open Show work LINK TO TEXT QuestiorExplanation / Answer
Item No. Quantity Cost per Unit Cost to Complete and Sell Cost per Unit + Cost to Complete and Sell Estimted Selling Price LCNRV LCNRV * Quantity 1320 1800 3.39 1.70 5.09 4.77 3.07 5,526.00 1333 1500 2.86 1.06 3.92 3.60 2.54 3,810.00 1426 1400 4.77 1.48 6.25 5.30 3.82 5,348.00 1437 1600 3.82 1.43 5.25 3.39 1.96 3,136.00 1510 1300 2.39 1.48 3.87 3.45 1.97 2,561.00 1522 1100 3.18 0.85 4.03 4.13 3.18 3,498.00 1573 3600 1.91 1.27 3.18 2.65 1.38 4,968.00 1626 1600 4.98 1.59 6.57 6.36 4.77 7,632.00 The amount of Widhorse Company's inventory 36,479.00
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