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Showtime Company's ending inventory at December 31, 2020, includes the following items: Units on Product BB Hand Unit Cost 20 $ 113 FM 10
Showtime Company's ending inventory at December 31, 2020, includes the following items: Units on Product BB Hand Unit Cost 20 $ 113 FM 10 136 MB 34 170 SL 38 90 Net Realizable Value Per Unit $ 108. 143 184 76 Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). LCNRV applied to inventory
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