Question: Question 11 --/3 View Policies Current Attempt in Progress Presented below is information related to Blossom Inc's inventory. (per unit) Skis Boots Parkas Historical cost

Question 11 --/3 View Policies Current Attempt in Progress Presented below

Question 11 --/3 View Policies Current Attempt in Progress Presented below is information related to Blossom Inc's inventory. (per unit) Skis Boots Parkas Historical cost $408.50 $227.90 $113.95 Selling price 455.80 311.75 158.56 Cost to sell 40.85 17.20 5.38 Cost to complete 68.80 62.35 45.69 Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV. (Round answers to 2 decimal places, e.g. 52.75.) Item Cost NRV LCNRV Skis $ 408.50 Boots 227.90 227.90 Parkas 113.95

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