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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