explain detailed please

II. Pin Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2015, consists of products D,E.E.G.H, and I, Relevant per-unit data for these products appear below. Item Item Item Item Item Item Estimated selling price Cost Cost to complete Selling costs 180 165 140 135 165 135 110 45 15 120 120 75 54 45 45 15 30 120 45 2 35 0 Instructions Using the LCNRV rule, determine the proper unit value for statement of financial position reporting purposes at December 31, 2015, for each of the inventory items above. 1