Showtime Company's ending inventory at December 31, 2023, includes the following items: Units on Hand Net Realizable Value Per Unit $ 120 27 10 143 41 177 45 97 Product BB FM MB SL Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). Unit Cost $ 115 150 191 83 LCNRV applied to inventory b. Applied separately to each product. Product Total Cost Total NRV LCNRV applied to Each Product

b. Applied separately to each product. c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). Journal entry worksheet Record the entry to write down inventory to NRV. Note: Enter debits before credits: Showtime Company's ending inventory at December 31,2023 , includes the following items: Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). b. Applied seporately to each product