Rover Company uses the LCNRV method to determine the proper vale of inventory for financial reporting purposes. Inventory information at December 31, 2020 appears below (amounts in $). Cost Estimated Selling Price 28 Cost to complete Cost to sell NRV A 20 9 11 B 40 62 4 3 C 70 90 34 29 < < < TOTALS >>> Required After filling in the missing values in the table above answer the following questions 1. Determine the value of inventory applying LCNRV rule on an individual item basis. 2. Prepare the necessary adjusting journal entry if needed using the COGS method 3. Determine the value of inventory applying LCNRV rule on a total inventory basis. 4. Prepare the necessary adjusting journal entry if needed using the COGS method Answer LCNRV