Showtime Company's ending inventory at December 31, 2023, includes the following items: Net Realizable Units on...

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Showtime Company's ending inventory at December 31, 2023, includes the following items: Net Realizable Units on Product Hand Unit Cost BB 32 $ 120 FM 10 155 MB 46 196 SL 50 88 Value Per Unit $ 125 148 182 102 Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). LCNRV applied to inventory Ou b. Applied separately to each product. Total Total Product Cost NRV BB FM MD LCNRV applied to Each Product Showtime Company's ending inventory at December 31, 2023, includes the following items: Net Realizable Units on Product Hand Unit Cost BB 32 $ 120 FM 10 155 MB 46 196 SL 50 88 Value Per Unit $ 125 148 182 102 Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). LCNRV applied to inventory Ou b. Applied separately to each product. Total Total Product Cost NRV BB FM MD LCNRV applied to Each Product

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Calculating LCNRV for Showtime Companys Inventory Well calculate the LCNRV Lower of Cost or Net Real... View the full answer