A company has tour products in its inventory. Intormation about ending inventory is as follows: Required: 1. Determine the carrying value of ending inventory assuming the lower of cost or net realizable value (LCNRV) rule is applled Individual products. 2. Assuming that inventory write-downs are common for the company. record any necessory year-end adjusting entry. Complete this question by entering your answers in the tabs below. Determine the carrying value of ending inventory assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. A company has four products in its inventory. Information about ending inventory is as follows: Required: 1. Determine the carrying value of ending inventory assuming the lower of cost of net realizable value (LCNRV) nile is applied to individual products. 2. Assuming that inventory write-downs are common for the company, record any necessary year-end adjusting entry. Complete this question by entering your answers in the tabs below. Assuming that inventory write-downs are common for the company, record any necessary year-end adjusting entry. Note: If no entry is required for a transactionfevent, select "No journal entry requlred" in the first account feld. Journal entry worksheet Assuming that irventory wite-dewns are common for the-company, record any necestary year-end adjusting entry? Note: If no entiy his reguifedf for a transaction/event, select "No fournal entry required" in the first-account fieldi Journal entry worksheet Record any necessary year-end adjusting entry assuming that inventory writedowns are common for Tatum Company. Note' Eiver dehits before credits