In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases using LCNRV. Cases 1 2 3 4 5 Cost $18.20 $18.20 $17.50 $14.40 $14.10 Sales value 13.90 20.40 13.80 8.90 20.30 Estimated cost to complete 1.40 1.80 1.66 0.80 1.00 Estimated cost to sell 0.60 0.60 0.59 0.40 0.60 Cases

Question 4 In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases using LCNRV. Cases 2 3 $18.20 $18.20 $17.50 $14.40 $14.10 Cost Sales value 13.80 13.90 20.40 8.90 20.30 Estimated cost to complete 1.80 1.66 0.80 1.40 1.00 Estimated cost to sell 0.60 0.60 0.59 0.40 0.60 Cases 3 1 2 4 Unit inventory price $ $ Open Show Work Click if you would like to Show Work for this question: 15