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Showtime Company's ending inventory at December 31, 2023, includes the following items: Net Realizable...

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Accounting

Showtime Company's ending inventory at December 31, 2023, includes the following items: Net Realizable Value Per Unit $ 114 149 190 82 Product BB FM MB SL Units on Hand 23 10 37 41 Unit Cost $ 119 142 176 96 Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar). LCNRV applied to inventory
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Showtime Company's ending inventory at December 31,2023 , Includes the following items: Required: Calculate LCNRV for the inventory: a. As a whole (assuming the items are similar) b. Applied separately to each product. c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). Journal entry worksheet Record the entry to write down inventory to NRV. Note: Enter debits before credits

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