Question: 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

Presented below is selected information related to Buffalo Electronics' inventory. (per

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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