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Waterway Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products D,
Waterway Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below Exercise 9-2 Item I 111 Item GItem H $135 62 37 12 Item D Item E Item F $135 98 37 $111 98 43 25 $117 Estimated selling price Cost Cost to complete Selling costs $148 92 37 12 98 31 12 37 25 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2017, for each of the inventory items above Item Ds Item E Item Fs Item G s Item Hs Item I Click if you would like to Show Work for this
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