E9.3B (L0 1) (LCNRV)Sunshine Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profi t A 1,200 $8.10 $8.00 $9.00 $0.35 $0.90 B 600 6.00 5.60 6.00 0.45 0.50 C 200 5.50 5.00 7.00 0.40 1.00 D 700 7.25 7.50 8.00 0.50 0.90 E 1,000 2.10 2.00 2.80 0.65 0.20 F 500 4.05 4.00 5.00 0.40 0.75 G 2,000 8.75 8.15 9.00 0.60 0.50 H 300 9.95 9.00 10.50 0.30 1.00 InstructionsFrom the information above, determine the amount of Sunshine Company inventory using the LCNRV method. determine the amount of Sunshine Company inventory using the LCM method.

E9.3B (L0 1) (LCNRV) Sunshine Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity Cost per Unit Cost to Replace Estimated Selling...

E9.3B (L0 1) (LCNRV)
Sunshine Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

Item No.	Quantity	Cost per Unit	Cost to Replace	Estimated Selling Price	Cost of Completion and Disposal	Normal Profi t
A	1,200	$8.10	$8.00	$9.00	$0.35	$0.90
B	600	6.00	5.60	6.00	0.45	0.50
C	200	5.50	5.00	7.00	0.40	1.00
D	700	7.25	7.50	8.00	0.50	0.90
E	1,000	2.10	2.00	2.80	0.65	0.20
F	500	4.05	4.00	5.00	0.40	0.75
G	2,000	8.75	8.15	9.00	0.60	0.50
H	300	9.95	9.00	10.50	0.30	1.00

Instructions

From the information above,

May 18, 2022