QS 6-9 plz

CHAPTER 6 Inventory Costing and Valua Analysis Component: The gross profit realized on the sale of Product W506 during February 2017 32,16%. The selling price was $148 during both February and March. Calculate the gross profit ratic Product W506 for March 2017 and determine whether the change is favourable or unfavourable f February. Identify the most probable cause of the change. Exercise 6-9 Lower of cost and net realizable value L04 CHECK FIGURES: a. $14,411; b. $13,802 Showtime Company's ending inventory at December 31, 2017, includes the following items: Calculate LCNRV for the inventory: Units on Hand Unit Cost Net Realizable Value Per Unit Product $110 BB FM. MB 22 15 145 $115 138 172 92 36 186 78 40 SL a. As a whole (assuming the items are similar), and b. Applied separately to each product. c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). ory errors L05,9 inve