Exercise 6-10 Lower of cost and net realizable value LO4 Showtime Company's ending inventory at December 31, 2023, includes the following items: Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). b. Applied separately to each product: b. Applied separately to each product. c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). Journal entry worksheet Record the entry to write down inventory to NRV. Noter Enter debits before credits