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Showtime Company's ending inventory at December 31,2023, includes the following items: Required: Calculate LCNRV...

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Accounting

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).
LCNRV applied to inventory
b. Applied separately to each product.

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