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Nash 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 6
Item H
Item I
Estimated selling price
$149
$136
$118
$112
Cost
93
99
62
45
Cost to complete
37
31
43
Selling costs
12
22
25
Question 1: 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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