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Brief Exercise 9-1 Presented below is information related to Pearl Inc.'s inventory (per unit) IS Boots Parkas Historical cost Selling price Cost to sell Cost

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Brief Exercise 9-1 Presented below is information related to Pearl Inc.'s inventory (per unit) IS Boots Parkas Historical cost Selling price Cost to sell Cost to complete $218.50 243.80 21.85 36.80 $121.90 166.75 9.20 33.35 $60.95 84.81 2.88 24.44 Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV. Item Cost NRV LCNRV Skis Boots Parkas

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