Business, 16.04.2020 00:42, rebecca7415

A local Chevrolet dealership carries the following types of vehicles: Unit Unit Inventory Items Quantity Cost NRV Vans 4 $ 27,000 $ 25,000 Trucks 7 18,000 17,000 2-door sedans 3 13,000 15,000 4-door sedans 5 17,000 20,000 Sports cars 1 37,000 40,000 SUVs 6 30,000 28,000 Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks. A) Compute the total cost of the entire inventory. B)Determine whether each inventory item would be reported at cost or net realizable value (NRV). Enter the amount of either the Unit Cost or Unit NRV in the "Lower of Cost and NRV per unit" column and then multiply this amount by the quantity of each inventory item and enter it in the Total column.

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A local Chevrolet dealership carries the following types of vehicles: Unit Unit Inventory Items Quan...