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Presented below is information related to Sheffield Inc's Inventory. (per unit) Historical cost Skis Boots Parkas $351.50 $196.10 $98.05 Selling price 392.20 268.25 136.44
Presented below is information related to Sheffield Inc's Inventory. (per unit) Historical cost Skis Boots Parkas $351.50 $196.10 $98.05 Selling price 392.20 268.25 136.44 Cost to sell 35.15 14.80 4.63 Cost to complete 59.20 53.65 39.31 Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV. (Round answers to 2 decimal places, eg. 52.75) Item Skis Boots Parkas Cost NRV LCNRV
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
