5 Sandals Company is preparing the annual financial statements dated December 31. Ending Inventory is presently recorded at its total cost of $10,825. Information about its inventory items follows: Value at Year-End Product Line Air Flow Blister Buster Coolonite Dudesly Unit Cost When Acquired (FIFO) $50 15 Quantity on Hand 55 75 85 95 13 points 553 10 61 17 15 eBook Print 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 items. 2. How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the year ended December 31? 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each item. Complete this question by entering your answers in the tabs below. Required 1 Required 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 write-down for all items. Product Line Quantity on Write-down Total Write- Hand per item down 557 Air Flow ts Complete this question by entering your answers in the tabs below. Book Print Required 1 Required 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 write-down for all items. Product Line Quantity on Write-down Hand per item 55 Total Write- down Air Flow Blister Buster Coolonite Dudesty Total 75 85 95 (Required: Required 2 > 5 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 items. 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 LCMNRV rule has been applied to each item. 13 points Book Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the year ended December 317 Cost of goods sold will be 5 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 items. 2. How wil the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the year ended December 317 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each item 13 points tock Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each item. Written down inventory