Sunland 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   1,700   $3.62   $5.09   $1.81 1333   1,400   3.05   3.84   1.13 1426   1,300   5.09   5.65   1.58 1437   1,500   4.07   3.62   1.53 1510   1,200   2.54   3.67   1.58 1522   1,000   3.39   4.41   0.90 1573   3,500   2.03   2.83   1.36 1626   1,500   5.31   6.78   1.70 From the information above, determine the amount of Sunland Company inventory

Intermediate Accounting: Reporting And Analysis
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ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter8: Inventories: Special Valuation Issues
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Sunland 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
  1,700   $3.62   $5.09   $1.81
1333
  1,400   3.05   3.84   1.13
1426
  1,300   5.09   5.65   1.58
1437
  1,500   4.07   3.62   1.53
1510
  1,200   2.54   3.67   1.58
1522
  1,000   3.39   4.41   0.90
1573
  3,500   2.03   2.83   1.36
1626
  1,500   5.31   6.78   1.70


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

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