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nep Sovet Showtime Company's ending inventory at December 31, 2020, Includes the following items: Product BB FM MB SL Units on Hand 34 2e 48

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nep Sovet Showtime Company's ending inventory at December 31, 2020, Includes the following items: Product BB FM MB SL Units on Hand 34 2e 48 52 Unit Cost $ 113 148 Net Realizable Value Per Unit $ 118 141 175 95 189 81 Required: Calculate LCNRV for the inventory a. As a whole (assuming the items are similar). LCNR applied to inventory $ 20,172 Help Save c. Prepare the appropriate adjusting entry, If required, based on your calculations in (b) View transaction list Journal entry worksheet

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