A compary has four products in its inventory. Information about ending inventory is as follows. Required: 1. Determine the carrying value of ending imventory assuming the lower of cost or net realizable value (LCNRV) rule 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. Determine the carrying value of ending inventory assuming the lower of cost of net realizable value (LCTVRV) rule is applied to 1. Determine the carrying value of ending inventory assuming the lov individual products. 2. Assuming that inventory write-downs are common for the company Complete this question by entering your answers in the tabs belov Determine the carrying value of ending inventory assuming the lower of cos individual products. 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 transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record any necessary year-end adjusting entry assuming that inventory writedowns are common for Tatum Company. Note: Enter deb-ts before credita