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The following information pertains to the physical Inventory of Electronics Unlimited taken at December 31: Per Unit Unita on Hand Cost NRV 331 246 312

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The following information pertains to the physical Inventory of Electronics Unlimited taken at December 31: Per Unit Unita on Hand Cost NRV 331 246 312 190 $200 204 194 86 $189 224 178 104 Product Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Video equipment: Televisions 5GB video cards Satellite video recorders Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control and Aux Input 254 466 277 198 172 614 299 184 619 171 172 146 156 214 199 Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. 2. Prepare the appropriate entry, if any, for 1(a) and 1(b). View transaction list Journal entry worksheet

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