This is one question Solves this question by making tables.

Exercise 6-10 Lower of cost and net realizable value LO4 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 separately to each product. c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). Journal entry worksheet Note: Enter debits before credits