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Q4. Pinkel Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2011, consists of products D and E, Relavant per-unit data for these products appear below. Item Item D E Estimated selling price €180 €165 Cost 110 120 Cost to complete 45 45 Selling costs 15 27 InstructionsUsing the LCNRV rule, determine the proper unit value for statement of financial position reporting purposes at December 31, 2011, for each of the inventory items above. [2 marks]