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Presented below is information related to Sheridan Inc.'s inventory. Skis (per unit) Historical cost Selling price Cost to sell Cost to complete $256.50 286.20 25.65
Presented below is information related to Sheridan Inc.'s inventory. Skis (per unit) Historical cost Selling price Cost to sell Cost to complete $256.50 286.20 25.65 43.20 Boots $143.10 195.75 10.80 39.15 Parkas $71.55 99.56 3.38 28.69 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, e.g. 52.75.) Item Cost NRV LCNRV Skis $ Boots Parkas Click if you would like to Show Work for this question: Open Show Work
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