A physical inventory of Helmke Company taken at December 31 reveals the following Per Unit Units Cost NRV Audio equipment Receivers CD players MP3 players Speakers 352 $107 $ 97 128 103 48 267 118 93 59 211 Video equipment Handheld LCDs VCRs Camcorders 487 132 157 91 219 329 317 298 100 Car audio equipment Satellite radios CD/MP3 radios 192 177 91 112 104 Required 1. Calculate the lower of cost and net realizable value for the inventory applied separately to each item. (Omit the "$" sign in your response.) LCM applied to items Item Audio equipment Receivers CD players MP3 players Speakers Video equipment Handheld LCDs VCRs Camcorders Car audio equipment Satellite radios CD/MP3 radios Total 2. If the NRV amount is less than the recorded cost of the inventory, then record the lower of cost and NRV adjustment to the Merchandise Inventory account. (Omit the "$" sign in your response.) Date Dec. 31(Click to select) General Journal Debit Credit (Click to select)