Using the information below, determine whether there are any adjustments needed to the records.

Question #5) 3 Marks Using the information below, determine whether there are any adjustments needed to the records. Units Unit Cost Inventory Item SKU #1000 SKU #1020 15 Net Realizable per Unit $95.00 $90.00 $101.00 $100.00 $80.00 $110.00 20 SKU #1050 55 REQUIRED: A) Calculate LCNRV as a whole (assuming the items are similar) B) Calculate LCNRV applied separately to each product C) Prepare JE for Requirement A