Question 1: FlinFlon Limited sells three products whose prices are sensitive to price fluctuations. The following inventory information is available for these products at March 31, 2018: Product Units Unit Cost Net Realizable Value A 25 $ 7 $ 7 B 30 6 8 60 11 10 Instructions: a) Calculate FlinFlon's inventory at the Lower of Cost and Net Realizable Value (LCNRV). b) Prepare any journal entry required to record the LCNRV, assuming that ElinFlon uses a perpetual inventory system