Showtime Company's ending inventory at December 31, 2020, includes the following items: Product BB FM MB SL Units on Hand 28 20 42 46 Unit Cost $ 116 151 192 84 Net Realizable Value Per Unit $ 121 144 178 98 Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). LCNRV applied to inventory b. Applied separately to each product. Product Total Cost Total NRV LCNRV applied to Each Product BB FM MB SL $ 0 $ 0 $ 0 c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). View transaction list Journal entry worksheet