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Presented below is information related to Whispering Inc's inventory. (per unit) Historical cost Selling price Cost to sell Cost to complete Item Skis Boots Skis
Presented below is information related to Whispering Inc's inventory. (per unit) Historical cost Selling price Cost to sell Cost to complete Item Skis Boots Skis Parkas $294.50 328.60 29.45 49.60 Boots Cost $164.30 $82.15 Parkas 224.75 114.31 12.40 Determine the following: the net realizable value for each item, and the carrying value of each ite under LCNRV. (Round answers to 2 decimal places, e.g. 52.75.) 44.95 3.88 32.94 NRV LCNRV
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