Pinkel Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items....
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Pinkel Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31,2019 , consists of products D, E, F and G. Relevant per-unit data for these products appear below. Required Using the LCNRV rule, determine the proper unit value for statement of financial position reporting purposes at December 31,2019 , for each of the inventory items above. Item D Item E Item F Item G
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