Question: Unit. Cost to Unit Add'l Item # Units Cost Replace Sell S Cost Complete Normal Margin R 4. Keira's Kites Company Corp. follows the practice

Unit. Cost to Unit Add'l Item # Units Cost Replace Sell S Cost Complete Normal Margin R 4. Keira's Kites Company Corp. follows the practice of valuing its inventory at the information is available from the company's inventory records as of December 31, 2022: S.55 X 1,200 850 S.65 Z. 2,200. $.25 Y. 3,300 S.60 $5.50. $6.00 $7.00 $11.45 $10.95. $12.00. $.75 S.80 $8.90. $7.50. $10.00. $2.25. $4.85 $4.75. $5.10 S.40 L 1,750. $1.50 Required: (a) Calculate the LCNRV using the "individual item" approach. $22.25. $23.00 $25.00 $1.95 (b) Show the journal entry he will need to make in order to write down the ending inventory from cost to NRV. Assuming the company uses the ALLOWANCE Method C. Calculate the TOTAL Cost vs. Total LCM Value using the Total Approach D. Record the entry assuming the company uses the Cost of Goods Sold Method

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