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Presented below is information related to Sunland Inc.s inventory. (per unit) Skis Boots Parkas Historical cost $313.50 $174.90 $87.45 Selling price 349.80 239.25 121.69 Cost
Presented below is information related to Sunland Inc.s inventory.
(per unit) | Skis | Boots | Parkas | |||
---|---|---|---|---|---|---|
Historical cost | $313.50 | $174.90 | $87.45 | |||
Selling price | 349.80 | 239.25 | 121.69 | |||
Cost to sell | 31.35 | 13.20 | 4.13 | |||
Cost to complete | 52.80 | 47.85 | 35.06 |
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 | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||
Boots | enter a dollar amount | enter a dollar amount | enter a dollar amount | |||
Parkas | enter a dollar amount | enter a dollar amount | enter a dollar amount |
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