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Presented below is selected information related to Headlands Electronicsinventory. HDTV- 50 HDTV 42 Stand $428 $61 (per un
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Answer #1

(a) NRV

[ Selling price - Cost to sell - Cost to complete ]

 Historical Cost

(b) LCNRV

[ Lower of historical cost or NRV ]

HDTV-50''

465

[ 550-32-53 ]

428

428

HDTV-42''

297

[ 336-15-24 ]

306

297

TV stand

72

[ 81-2-7 ]

61

61
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