Showtime Company's ending Inventory at December 31, 2020, includes the following items. Product BB FM Units on Hand 34 20 48 52 Unit Cost $ 113 148 189 81 Net Realizable Value Per Unit $ 118 141 175 95 MB SL Required: Calculate LCNRV for the inventory a. As a whole (assuming the items are similar) a LCNRV applied to inventory b. Applied separately to each product. 12 Product Total Cost Total NRV LCNRV applied to Each Product BB ints FM MB SL 0 01-10-26 $ 0 $ 0 $ c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). View transaction list c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b) 12 View transaction list inits Journal entry worksheet