Showtime Company's ending inventory at December 31, 2020, includes the following items: Product BB Units on Hand 22 15 36 40 Unit Cost $ 120 FM 143 Net Realizable Value Per Unit $ 115 150 191 83 MB SL 177 97 Required: Calculate LCNRV for the inventory: 0. 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 > 1 Record the entry to write down inventory to NRV. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2020 Record entry Clear entry View general Journal