Inventory Items	Quantity	Cost			NRV
Vans	4	$	20,500		$	18,500
Trucks	7		16,700			15,700
2-door sedans	3		11,700			13,700
4-door sedans	5		15,700			18,700
Sports cars	1		30,500			33,500
SUVs	6		27,400			21,500

Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks.

2. Determine whether each inventory item would be reported at cost or net realizable value (NRV). Enter the amount of either the Unit Cost or Unit NRV in the "Lower of Cost and NRV per unit" column and then multiply this amount by the quantity of each inventory item and enter it in the Total column.