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Showtime Company's ending Inventory at December 31, 2020, includes the following items Product BB FM Units on Hand 31 Unit Cost $ 119 154 Net

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Showtime Company's ending Inventory at December 31, 2020, includes the following items Product BB FM Units on Hand 31 Unit Cost $ 119 154 Net Realizable Value Per Unit S124 147 181 SL Required: Calculate LCNRV for the Inventory. a. As a whole (assuming the items are similar). SR LCNRV applied to inventory b. Applied separately to each product Product Total LCNRV Total Cost NRV applied to Each Product FM MB LE www

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