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Showtime Company's ending inventory at December 31, 2020, Includes the following items: Product BB FM MB SL Units on Hand 3e 15 44 48 Unit

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Showtime Company's ending inventory at December 31, 2020, Includes the following items: Product BB FM MB SL Units on Hand 3e 15 44 48 Unit Cost $ 118 153 194 86 Net Realizable Value Per Unit $123 146 180 100 Required: Calculate LCNRV for the inventory a. As a whole (assuming the items are similar). LCNRV applied to inventory Help So b. Applied separately to each product. Product Total Cost Total NRV LCNRV applied to Each Product BB FM MB SL c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b) Help c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b) 2 View transaction list Journal entry worksheet

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