Question: Brief Exercise 9-1 x Your answer is incorrect. Try again. Presented below is information related to Martinez Inc.s inventory. (per unit) Skis Boots Parkas Historical

 Brief Exercise 9-1 x Your answer is incorrect. Try again. Presented

Brief Exercise 9-1 x Your answer is incorrect. Try again. Presented below is information related to Martinez Inc.s inventory. (per unit) Skis Boots Parkas Historical cost Selling price Cost to sell Cost to complete $427.50 477.00 42.75 72.00 $238.50 326.25 18.00 65.25 $119.25 165.94 5.63 47.81 Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV Item Cost NRV LCNRV 434.25 Boots 308.25 Parkas 160.31

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