Question: Closing inventory information for Priory Gallery is displayed below. Complete the table by calculating the NRV of each item and comparing this with the cost

Closing inventory information for Priory Gallery is displayed below. Complete the table by calculating the NRV of each item and comparing this with the cost in order to calculate the total value of each product line.

A B C
Cost 42 85 138
Selling price 85 120 275
Sales commission 0 46 68
Number of units in stock 300 200 100
NRV Answer 1 Answer 2 Answer 3
Total value of product line Answer 4 Answer 5 Answer 6

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