The inventory of oheto company on december 31, 2017, consists of the following items.

part quantity cost per unit net realizable value

110 600 95 100
111 1000 60 52
112 500 80 76
113 200 170 180
120 400 205 208
121a 1600 16 1
122 300 240 235
a part no. 121 is obsolete and has a realizable value of $1 each as scrap.
(a) determine the inventory as of december 31, 2017, by the lcnrv method, applying this method to each item.
(b) determine the inventory by the lcnrv method, applying the method to the total of the inventory.

a. $335,100

b. $341,300

Explanation:

The computation is shown below:

         (A)             (B)                      (C)       (A × B)          (A × C)

Part  Quantity  Cost per Unit   NRV    Total cost    Total NRV   Lower value

110    600          95                      100       $57,000       $60,000     $57,000

111     1000         60                      52        $60,000       $52,000   $52,000

112    500          80                      76         $40,000       $38,000   $38,000

113    200          170                     180       $34,000        $36,000   $34,000

120   400          205                   208       $82,000        $83,200   $82,000

121a  1600         16                      1             $25,600        $1,600   $1,600

122   300          240                   235       $72,000$70,500   $70,500

Total                                                         $370,600$341,300  $335,100

So

a. Under the  LCNRV method, the inventory to each item would be $335,100

b. The total inventory would be $341,300

answer: d. characteristics of guests

explanation: it is directly related to the spending characteristics of attendees who fall into each of these categories:

i would ask my boss to do more things around the car shop. and i would slowly work my way up to working on cars and becoming a full time mechanic.