Sheffield Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items....
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Sheffield Company uses the LCNRV method, on an individualitem basis, in pricing its inventory items. The inventory at December consists of products D E F G H and I. Relevant per unit data for these products appear below. Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December for each of the inventory items above. Item G $ Item $ 
Sheffield Company uses the LCNRV method, on an individualitem basis, in pricing its inventory items. The inventory at December consists of products D E F G H and I. Relevant
per unit data for these products appear below.
Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December for each of the inventory items above.
Item G $
Item $
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