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Presented below is selected information related to Bonita Electronics' inventory. HDTV- 50 HDTV- 42 TV Stand $354 $71 (per unit) Historical cost Selling price Cost

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Presented below is selected information related to Bonita Electronics' inventory. HDTV- 50" HDTV- 42" TV Stand $354 $71 (per unit) Historical cost Selling price Cost to sell Cost to complete $496 636 388 93 37 18 3 61 28 8 Determine the following: (a) the net realizable value for each item, and (b) the carrying value of each item under LCNRV. (a) NRV (b) LCNRV HDTV-50" HDTV-42" TV Stand

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