Sheffield 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 DItem EItem FItem GItem HItem IEstimated selling price$142 $130 $112 $106 $130 $106 Cost89 94 94 94 59 42 Cost to complete35 35 30 41 35 35 Selling costs12 21 12 24 12 24 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.
