Question: E 9 . 6 ( LO 1 ) ( LCNRV - Error Effect ) LaGreca Company uses the LCNRV method, on an individual - item

E9.6(LO 1)(LCNRV-Error Effect) LaGreca Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31,2020, included product X. Relevant per-unit data for product X are as follows.
\table[[Estimated selling price,$50
E 9 . 6 ( LO 1 ) ( LCNRV - Error Effect ) LaGreca

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