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help find each item Metlock Company uses the LCNRV method, on an individual-ter basis, in pricing its inventory items. The inventory at December 31, 2020,
help find each item
Metlock Company uses the LCNRV method, on an individual-ter 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 Estimated selling price $133 $122 $105 $100 $122 $100 Cost 83 89 89 89 56 40 33 33 28 39 33 33 Cost to complete Selling costs 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 1 $ Step by Step Solution
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