Tamarisk Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items....
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Accounting
Tamarisk 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 D
Item E
Item F
Item G
Item H
Item I
Estimated selling price
$140
$129
$111
$105
$129
$105
Cost
88
94
94
94
59
42
Cost to complete
35
35
29
41
35
35
Selling costs
12
21
12
23
12
23
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
$enter a dollar amount
Item E
$enter a dollar amount
Item F
$enter a dollar amount
Item G
$enter a dollar amount
Item H
$enter a dollar amount
Item I
$enter a dollar amount
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