9:22 Showtime Company's ending inventory at December 31, 2023, includes the following items: Net Realizable Units on Product BB Hand Unit Cost 20 $ 113 FM 10 136 MB 34 170 SL 38 90 Value Per Unit $ 108 143 184 76 Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). LCNRV applied to inventory b. Applied separately to each product. Total Total Product Cost NRV LCNRV applied to Each Product BB $ 2,260 $ 2,160 FM 1,360 1,430 MB 5,780 6,256 SL 3,420 2,888 $ 12,820 $ 12,734 $ 0 La saved Prepare the appropriate adjusting entry, if required, based on your calculations in (b). View transaction list View journal entry worksheet No Date General Journal 1 Dec 31, 2023 Cost of goods sold Merchandise inventory Saved Debit Credit 12,734 12,734