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Marigold Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost per Unit Estimated

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Item no. Quantity (a) Cost per unit (b) Est. Selling price © Cost to complete(d) NRV per unit (c-d) Ending inventory per unit Total inventory
1320 1600 $3.33 $4.68 $1.66 $3.02 $3.02 $4,832
1333 1300 $2.81 $3.54 $1.04 $2.50 $2.50 $3,250
1426 1200 $4.68 $5.20 $1.46 $3.74 $3.74 $4,488
1437 1400 $3.74 $3.33 $1.40 $1.93 $1.93 $2,702
1510 1100 $2.34 $3.38 $1.46 $1.92 $1.92 $2,112
1522 900 $3.12 $4.06 $0.83 $3.23 $3.12 $2,808
1573 3400 $1.87 $2.60 $1.25 $1.35 $1.35 $4,590
1626 1400 $4.89 $6.24 $1.56 $4.68 $4.68 $6,552
Amount of Inventory using LCNRV (TOTAL) $31,334
*Lower of cost or net realizable value   =    Lower value between cost per unit and NRV per unit
*Ending inventory per unit = Lower of Cost or net realizable value
*Total inventory = Quantity * Ending inventory per unit
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