Question: Presented below is selected information related to Pearl Electronics' inventory (per unit) Historical cost Selling price Cost to sell Cost to complete HDTV- 50 $479
Presented below is selected information related to Pearl Electronics' inventory (per unit) Historical cost Selling price Cost to sell Cost to complete HDTV- 50" $479 614 35 59 HDTV- 42" $342 375 17 27 TV Stand $68 90 3 7 Determine the following: (a) the net realizable value for each item, and (b) the carrying value of each item under LCNRV. (a) NRV (b) LCNRV HDTV-50" $ HDTV.421 TV Stand
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