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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
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. Applled separately to each product. c. Prepare the approprlate 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
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