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Question

ess Steel Sm... SmokinTex BBQ Electric M.. it smoker Google Search WileyPLUS OURCES Brief Exercise 9-1 X Your answer is incorrect. Try again. Presented below is information related to Shamrock Inc.'s inventory. 2 (Part (per unit) Skis Boots Parkas Historical cost Selling price Cost to sell Cost to complete $323.00 360.40 32.30 54.40 $180.20 246.50 13.60 49.30 $90.10 125.38 4.25 36.13 Study Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV. Item Cost NRV LCNRV Skis 377.40 328.10 328.10 Boots 229.50 232.90 229.50 Parkas 126.23 122.13 121.13 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT SUBMIT ANSWER

Explanation / Answer

NRV=Selling price-Cost to sell-Cost to complete Item Cost NRV LCNRV Skis 323 219.7 219.7 Boots 180.2 183.6 180.2 Parkas 90.1 85 85

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