1. Fill in the table

2. Calculate the closing inventory and justify answer according to accounting standard AASB 102

A specialized retailer has a selection of five products. The following is information relating to these products. (Click the icon to view the data.) The company estimates selling costs to be 4% of selling price, primarily for sales commissions. Requirement Determine the amount of inventory write-down, if any. (NRV = Net realizable value. Round all unit amounts to the nearest cent. Enter a "0" if no write-down is required.) Use the student to show work button to answer the following. Calculate the closing inventory. Justify your answer according to the accounting standard AASB 102 X Cost Selling NRV Write-down Data Table Total Selling costs per price per unit write-down per unit Product per unit required for product # Units unit per unit 100 $ 60 $ 220 Product # Units A Selling price $ 220 A Cost per unit $ 60 80 B 270 80 100 270 180 B 180 180 220 100 180 220 100 D 100 70 50 D 100 70 50 E 180 180 150 E 180 180 150 Print Done