Question: I need a step by step explanation of this problem. I am really confused because the answer key doesn't show work. lecessary to approximate a

I need a step by step explanation of this problem. I am really confused because the answer key doesn't show work.

I need a step by step explanation of this problem. I am

lecessary to approximate a LIFO retail flow? BRIEF EXERCISES BE9-1 (LO1) Presented below is information related to Rembrandt Inc.'s inventory (per unit) Historical cost Selling price Cost to sell Cost to complete Skis Boots Parkas $190.00 n $106.00 $53.00 212.00 22 145.003 73.75 os 19.00 32.00 8.00 29 2.50 25 Determine the following: (a) th net realizable value for each item, and (bthe carrying value of each item under LCNRV

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