Showtime Company's ending inventory at December 31, 2023, includes the following items: Net Realizable Units on Product Hand Unit Cost BB 36 $ 111 FM 15 146 MB 50 187 SL 54 79 Value Per Unit $ 116 139 173 93 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. Total Total Product Cost NRV LCNRV applied to Each Product BB FM MB SL $ 0 $ 0 $ 0 c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). View transaction list Journal entry worksheet