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Exercise 9-02 Whispering 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 Whispering 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. Item D Item E Item F Item G Item H Item I $134 84 34 $123 90 Estimated selling price Cost Cost to complete Selling costs $106 90 $101 90 39 $123 56 34 $101 40 34 34 28 11 20 11 22 11 22 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 I $ Click if you would like to Show Work for this question: Open Show Work
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