0 Help Save&Exit Submit Check my work Sandals Company is preparing the annual financial statements cost of $10,550. Information about its inventory items follows dated December 31. Ending inventory is presently recorded at its total Air Flov Blister Buster 10 95 Dudesly 40 Required: 1. Compute the LCM/NRV write-down 2. How will the write-down of inventory to lower of cost or marketinet realizable value affect the company's expenses reported for the 3. Compute the amount that should be reported for the inventory on December 31, after the LC/NRV rule hab been applied to each per unit and in total for each item in the table. Also compute the total overall write-down for all rems. year ended December 31? tem. Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall wnite-down for all items Quantity on CH 7 HW Help Save & Exit Su Required 1. Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall write-down for all tems year ended December 31? item. 2. How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for th 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each Complete this question by entering your answers in the tabs below Required 1Required 2 Required 3 Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall arite-down for all items. Product Line Air Flow Blister Buster 70 65 10 96 Total Required 2