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Check my Sandals Company is preparing the annual financial statements dated December 31. Ending inventory is presently recorded at its total cost of $7.500. Information about its inventory items follows: Quantity Unit Cost When Value at Product line on Hand Acquired (FIFO) Year-End Air Flow 95 $ 25 $ 31 Blister Buster 70 55 Coolonite 15 45 43 Dudesly 85 40 48 25 Required: rences 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 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 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. Check required: items. 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 2. How will the write-down of inventory to lower of cost or marketet 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 LCM/NRV rule has been applied to each year ended December 31? 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 Total Write down Quantity on Write down Hand per item 95 15 Air Flow Blister Buster Coolonite Dudesly Total 15 85 amework Saved Help Save & Chem Requirea - 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 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 Complete this question by entering your answers in the tabs below. aces Required 1 Required 2 Required 3 How will the write down of inventory to lower of cost of marketet realizable value affect the company's expenses reported for the year ended December 317 Cost of goods sold will be (Required 1 Required 3 > 2 Check my w require 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 at items 2. How will the write-down of inventory to lower of cost or marketinet reliable 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, other the LCMNRV rule has been applied to each Item Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each item Write down to