Showtime Company's ending inventory at December 31, 2020, includes the following items: Product BB FM MB SL Units on Hand 27 10 41 45 Unit Cost $ 115 150 191 83 Net Realizable Value Per Unit $ 120 143 177 97 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 c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). View transaction list Journal entry worksheet