View the step-by-step solution to:

# Presented below is information related to Flint Inc.'s inventory. (per unit) Skis Boots Parkas Historical cost\$304.00 \$169.60 \$84.80 Selling...

Presented below is information related to Flint Inc.'s inventory.

(per unit)

Skis

Boots

Parkas

Historical cost\$304.00

\$169.60

\$84.80

Selling price339.20

232.00

118.00

Cost to sell

30.40

12.80

4.00

Cost to complete51.20

46.40

34.00

Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV.

ItemCostNRVLCNRVSkis\$

\$

\$

Boots

Parkas

Skis NRV = \$257.60 LCNRV = \$257.60 Boots... View the full answer

### Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

### -

Educational Resources
• ### -

Study Documents

Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

Browse Documents