Presented below is selected information related to Bonita Electronics' inventory. (per unit) HDTV-50" HDTV-42" TV Stand Historical cost $ 496 $ 354 $71 Selling price 636 388 93 Cost to sell 37 18 3...


Presented below is selected information related to Bonita Electronics' inventory.<br>(per unit)<br>HDTV-50

Extracted text: Presented below is selected information related to Bonita Electronics' inventory. (per unit) HDTV-50" HDTV-42" TV Stand Historical cost $ 496 $ 354 $71 Selling price 636 388 93 Cost to sell 37 18 3 Cost to complete 61 28 8 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 %24 %24

Jun 02, 2022
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