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Presented below is selected information related to Bonita Electronics' inventory. HDTV 42 HDTV- TV 50 Stand (per unit) $370 $264 Historical cost $53 Selling price

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Presented below is selected information related to Bonita Electronics' inventory. HDTV 42" HDTV- TV 50" Stand (per unit) $370 $264 Historical cost $53 Selling price 474 290 70 Cost to sell 27 13 2. Cost to complete 46 21 6 Determine the following: (a) the net realizable value for each item, and (b) the carrying value of each item under LCNRV. (a) (b) LCNRV NRV HDTV-50" HDTV-42" TV Stand

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