(Answered) Sandhill company uses the lcnrv method on an

Accounting

Sandhill Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, 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	$139	$128	$110	$104	$128	$104
Cost	87	93	93	93	58	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, 2017, for each of the inventory items above.

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