Exercise 6 - 1 0 Lower of cost and net realizable value LO 4 Showtime Company's ending
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Exercise Lower of cost and net realizable value LO
Showtime Company's ending inventory at December includes the following items:
tableProductUnits onNet RealizableBBHand,Unit Cost,Value Per UnitFM$MBSL
Required:
Calculate LCNRV for the inventory:
a As a whole assuming the items are similar
LCNRV applied to inventory
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