Homework Answers
| Item No. | Selling Price | Cost of Completion and Disposal | NRV | Normal Profit | NRV - NP |
| 1320 | 5.09 | 0.40 | 4.69 | 1.41 | 3.28 |
| 1333 | 3.96 | 0.57 | 3.39 | 0.57 | 2.82 |
| 1426 | 5.65 | 0.45 | 5.20 | 1.13 | 4.07 |
| 1437 | 3.62 | 0.28 | 3.34 | 1.02 | 2.32 |
| 1510 | 3.67 | 0.90 | 2.77 | 0.68 | 2.09 |
| 1522 | 4.29 | 0.45 | 3.84 | 0.57 | 3.27 |
| 1573 | 2.83 | 0.85 | 1.98 | 0.57 | 1.41 |
| 1626 | 6.78 | 0.57 | 6.21 | 1.13 | 5.08 |
NRV = Selling price - Cost of completion and disposal
| Item No. | Quantity | Cost | Replacement Cost | NRV (Ceiling) | NRV - NP (Floor) | Market | LCM | Total Inventory |
| 1320 | 1900 | 3.62 | 3.39 | 4.69 | 3.28 | 3.39 | 3.39 | 6441 |
| 1333 | 1600 | 3.05 | 2.60 | 3.39 | 2.82 | 2.82 | 2.82 | 4512 |
| 1426 | 1500 | 5.09 | 4.18 | 5.20 | 4.07 | 4.18 | 4.18 | 6270 |
| 1437 | 1700 | 4.07 | 3.50 | 3.34 | 2.32 | 3.34 | 3.34 | 5678 |
| 1510 | 1400 | 2.54 | 2.26 | 2.77 | 2.09 | 2.26 | 2.26 | 3164 |
| 1522 | 1200 | 3.39 | 3.05 | 3.84 | 3.27 | 3.27 | 3.27 | 3924 |
| 1573 | 3700 | 2.03 | 1.81 | 1.98 | 1.41 | 1.81 | 1.81 | 6697 |
| 1626 | 1700 | 5.31 | 5.88 | 6.21 | 5.08 | 5.88 | 5.31 | 9027 |
| Total | 45713 |
The amount of Bramble Company's inventory $45713.
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Help 1 System Announcements PRINTER VERSION BACA Exercise 9-7 Bramble Company follows the practice of pricing...
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