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Showtime Company's ending Inventory at December 31, 2020. Includes the following items! Product BB FN Me SL Units on Hand 18 20 32 36 Unit
Showtime Company's ending Inventory at December 31, 2020. Includes the following items! Product BB FN Me SL Units on Hand 18 20 32 36 Unit Cost $ 111 134 Net Realizable Value Per Unit $ 106 141 182 74 168 88 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 COS Total NRV LCNRV applied to Each Product 88 FM ME SL OS OS Prepare the appropriate adjusting entry required, based on your calculation in View Journal entry worksheet Race the town in NRV e here to
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