Presented below is information related to Splish Inc.'s inventory. (per unit) Skis Boots Parkas Historical...
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Presented below is information related to Splish Inc.'s inventory. (per unit) Skis Boots Parkas Historical cost $418.00 $233.20 $116.60 Selling price 466.40 319.00 162.25 Cost to sell 41.80 17.60 5.50 Cost to complete 70.40 63.80 46.75 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 $ $ Parkas
Presented below is information related to Splish Inc.'s inventory. 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.)
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Presented below is information related to Splish Inc.'s inventory. (per unit) Skis Boots Parkas Historical cost $418.00 $233.20 $116.60 Selling price 466.40 319.00 162.25 Cost to sell 41.80 17.60 5.50 Cost to complete 70.40 63.80 46.75 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 $ $ Parkas