Assignement Showtime Company's ending inventory at December 31, 2017, includes the following items: Product BB...
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Assignement Showtime Company's ending inventory at December 31, 2017, includes the following items: Product BB FM MB SL Units on Hand 22 15 36 40 Unit Cost $110 145 186 78 Net Realizable Value Per Unit $115 138 172 92 Calculate LCNRV for the inventory a. As a group (assuming the items are similar) 5 points. LCNRV applied to inventory b. Applied separately to each product (complete the chart below) 5 points. TotalLCNRV applied Product Total Cost NRV to Each Product BB FM MB SL ml Total
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