Question: Winners Inc had three items in its ending inventory. The companys inventory information is for item TB quantity 2 4 0 0 , cost per

Winners Inc had three items in its ending inventory. The companys inventory information is for item TB quantity 2400, cost per item $3.30, selling price is $4.10, cost to complete is $0.95, cost to sell is $0.50, cost to transport is $0.05. For item VW quantity is 1200,cost per item $6.60,selling price is $9.20,cost to complete is $1.40,cost to sell is $0.85,cost to transport is $0.10. For item RG quantity is 1900, cost per item is $4.25,selling price is $6.25,cost to complete is $1.25,cost to sell is $0.65,cost to transport is $0.20. Determine the LCNRV for item TB. Determine the LCNRV for item VW. Determine the LCNRV for item RG. Determine the final inventory using total category LCNRV method.

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