Below is Rembrandt Inc Information on the inventory is provided (per unit) Kayaks Boots Parkalar historical cost 190,00 $ 106,00 $ 53,00 $ Sale price 212 00 145 00 73 75 cost of sale 19 00 8 00 2 50 Completion cost 32 00 29 00 21 25 Determine the net realizable value for each item and the book valu...

To calculate the Net Realizable Value of each item ...

Below is Rembrandt Inc.Information on the inventory is provided. (per unit) Kayaks Boots Parkalar historical cost 190,00

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Below is Rembrandt Inc. Information on the inventory is provided.

(per unit)	Kayaks	Boots	Parkalar
historical cost	190,00 $	106,00 $	53,00 $
Sale price	212.00	145.00	73.75
cost of sale	19.00	8.00	2.50
Completion cost	32.00	29.00	21.25

Determine the net realizable value for each item and the book value of each item under LCNRV.

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0137030385

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

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Posted Date: Apr 11, 2023 12:11 AM

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Below is Rembrandt Inc.Information on the inventory is provided. (per unit) Kayaks Boots Parkalar historical cost 190,00

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Advanced Financial Accounting

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