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Showtime Company s ending inventory at December 3 1 , 2 0 2 3 , includes the following items: Product Units on Hand Unit Cost

Showtime Companys ending inventory at December 31,2023, includes the following items:
Product Units on Hand Unit Cost Net Realizable Value Per Unit
BB 21 $ 114 $ 109
FM 20137144
MB 35171185
SL 399177
Required:
Calculate LCNRV for the inventory:
a. As a whole (assuming the items are similar).
b. Applied separately to each product.

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