Your answer is incorrect. Try again. Vaughn Company follows the practice of pricing its inventory at...

Your answer is incorrect. Try again.

Vaughn Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

Item No.	Quantity	Cost per Unit	Estimated Selling Price	Cost to Complete and Sell
1320	1,900	$3.68	$5.18	$1.84
1333	1,600	3.11	3.91	1.15
1426	1,500	5.18	5.75	1.61
1437	1,700	4.14	3.68	1.55
1510	1,400	2.59	3.74	1.61
1522	1,200	3.45	4.49	0.92
1573	3,700	2.07	2.88	1.38
1626	1,700	5.41	6.90	1.73

From the information above, determine the amount of Vaughn Company inventory.

The amount of Vaughn Company’s inventory

Expert Solution

ekkarill92 answered 2 years ago

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