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progress Skysong Company uses the LCNRV method, on an individual-item basis, in pricing its inventory...

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Accounting

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progress Skysong Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Item G Item D $128 80 32 $96 Item 1 $96 Estimated selling price Cost Cost to complete Selling costs Item E $118 86 32 19 Item F $102 86 27 11 86 37 21 Item H $118 54 32 11 39 32 21 11 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of the inventory items above Item D $ Item E $ Item F $ Item G $ Item H $ Item $ eTextbook and Media 0

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