Showime Company's ending triventory at December 31, 2020. Includes the following terms: Units on Hand...
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Showime Company's ending triventory at December 31, 2020. Includes the following terms: Units on Hand Unit Cost $119 154 195 Net Realizable Value Per Unit S 124 147 Required: Calculate LCNRV for the Inventory a. As a whole (assuming the items are similar LCNRV applied to inventory b. Applied separately to each product Product Tota Cost 13.680 $ 3.030 LCNRV Total applied to Each Product 3.8445 2.940 | 8,145 8,145 4,040 19. 878 10.027 19.801 1. Prepare the appropriate adjusting entry if required, based on your calculations in lib
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