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CILIS Current Attempt in Progress Presented below is selected information related to Headlands Electronics'inventory (per unit) HDTV- 50 HDTV- 42 TV Stand Historical cost $428

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CILIS Current Attempt in Progress Presented below is selected information related to Headlands Electronics'inventory (per unit) HDTV- 50" HDTV- 42" TV Stand Historical cost $428 $306 $61 Selling price 550 336 81 Cost to sell 32 15 2 Cost to complete 53 24 7 Determine the following: (a) the net realizable value for each item, and (b) the carrying value of each item under LCNRV. (a) NRV (b) LCNRV HDTV-50" $ HDTV.42 TV Stand Attempts: 0 of 1 used Save for Liter

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