Presented below is information related to Larkspur Inc.s inventory. (per unit) Skis Boots Parkas Historical...
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Presented below is information related to Larkspur Inc.s inventory. (per unit) Skis Boots Parkas Historical cost $380.00 $212.00 $106.00 Selling price 424.00 290.00 147.50 Cost to sell 38.00 16.00 5.00 Cost to complete 64.00 58.00 42.50 Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV.
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