RECOMMENDED!!ACCT 3351-Presented below is information related to Blossom Inc.’s inventory.

  

Presented below is information related to Blossom Inc.’s inventory.(per unit) Skis Boots ParkasHistorical cost $199.50 $111.30 $55.65Selling price 222.60 152.25 77.44Cost to sell 19.95 8.40 2.63Cost to complete 33.60 30.45 22.31Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV.Item Cost NRV LCNRVSkisBootsParkas

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