Brief Exercise 9-1 Presented below is information related to Sarasota Inc.s inventory.

(per unit) Skis Boots Parkas Historical cost $361.00 $201.40 $100.70 Selling price 402.80 275.50 140.13 Cost to sell 36.10 15.20 4.75 Cost to complete 60.80 55.10 40.38

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 Click if you would like to Show Work for this question: Open Show Work