Showtime Company's ending inventory at December 31, 2020, Includes the following items Product BB FM MB SL Units on Hand 23 10 37 41 Unit Cost $ 119 142 176 96 Net Realizable Value Per Unit $ 114 149 198 82 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. LCNRU b. Applied separately to each product. Product Total Cost Total NRV LCNRV applied to Each Product BB FM MB SL $ 0 $ 0 $ c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b), View transaction list c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). View transaction list Journal entry worksheet