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Part X (6 Marks) Service R Us has products in its ending merchandise inventory as of December 31, 2023 as listed in the table below.
Part X (6 Marks) Service R Us has products in its ending merchandise inventory as of December 31, 2023 as listed in the table below. REQUIRED: 1. Calculate the lower of cost and net realizable value (LCNRV) applied separately to each product. Complete the table below. Total Cost Total NRV Product Quantity Cost/unit NRV/unit LCNRV Keyboards 80 $90 $95 $7,200 $7,600 75 External drives 57 52 $4,275 $3,900 Screens 36 105 90 $3,780 $3,240 $15,255 $14,740 Total
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