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Presented below is selected information related to Buffalo Electronics' inventory. (per unit) Historical cost Selling price Cost to sell Cost to complete HDTV- 50 $344

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Presented below is selected information related to Buffalo Electronics' inventory. (per unit) Historical cost Selling price Cost to sell Cost to complete HDTV- 50" $344 442 HDTV- 42" $246 270 12 20 TV Stand $49 65 2 25 43 5 Determine the following: (a) the net realizable value for each item, and (b) the carrying value of each item under LCNRV. (a) (b) NRV LCNRV HDTV-50" $ $ HDTV-42" TV Stand

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