Description | Category | Cost | Market |
Type 1.1 | Type 1 | $275 | $473 |
Type 1.2 | Type 1 | $128 | $217 |
Total Type 1 | $403 | $690 | |
Type 2.1 | Type 2 | $922 | $742 |
Type 2.2 | Type 2 | $280 | $514 |
Total Type 2 | $1,202 | $1,256 | |
Type 3.1 | Type 3 | $828 | $438 |
Type 3.2 | Type 3 | $66 | $452 |
Total Type 3 | $894 | $890 | |
Grand Total | $2,499 | $2,836 |
Using the above information, under LCNRV, assume the company applies the rule based on the total cost of the inventory of category. What is the amount of total inventory?
Select one:
a. $2,495
b. $1,929
c. $2,836
d. $2,499
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