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Exercise 9-02 Marigold Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of
Exercise 9-02 Marigold Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Estimated selling price Cost Cost to complete Selling costs Item D $126 - 79 32 11 Item E $116 84 32 19 Item F $100 84 26 11 Item G $95 84 37 21 Item H $116 53 32 11 Item I $95 38 32 21 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of the inventory items above. Item D Item E Item F Item G Item H Item
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