Question: Showtime Company's ending inventory at December 31, 2020, includes the following items: Net Realizable Units on Product Hand Unit Cost Value Per Unit BB 34

Showtime Company's ending inventory at December 31, 2020, includes the following items: Net Realizable Units on Product Hand Unit Cost Value Per Unit BB 34 $ 113 $118 FM 20 148 141 MB 48 189 175 SL 52 81 95 Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). LCNRV applied to inventory $ 20,086 b. Applied separately to each product. Product Total Cost Total NRV LCNRV applied to Each Product BB FM MB SL $ 0 $ 0 $ 0

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