The net realizable value of Majik's ending inventory items at June 30, 2017 are asfollows: Make the adjusting entry, if needed, to state Majik's inventory at its lower of cost and net realizable value (LCNRV)on an item-by-item basis at June 30, 2017.

Question

The net realizable value of Majik's ending inventory items at June 30, 2017 are asfollows:  Make the adjusting entry, if needed, to state Majik's inventory at its lower of cost and net realizable value (LCNRV)on an item-by-item basis at June 30, 2017.

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The Answer of The net realizable value of Majik's ending inventory items at June 30, 2017 are asfollows:  Make the adjusting entry, if needed, to state Majik's inventory at its lower of cost and net realizable value (LCNRV)on an item-by-item basis at June 30, 2017.

The Net Realizable Value of Majik's Ending Inventory Items at June