Below is a statement of inventory for a candle shop, given on September 30, a) Calculate the lower of cost or net realizable value for the inventory applied separately to each product, and by inventory group Cost NRY LCNRV applied to Product Quantity Per Unit Total for Per Unit Total for Homs product product Group Blue Sand Candles 21 7.85 6.95 Red Votive Candles 28 5.40 5.25 Green Votive Candles 29 5.95 5.85 Purple Unscented Candles 685 8,56 Purple Votive Candles 25 6.95 5.10 Totals b) Prepare any required adjusting entry assuming LCNRV is applied to each tom. Dates must be entered in the format dlmmm (154). Leave the entry barat no adjusting erby a required Account/Explanation General Journal Page 3 F Debt Credit Date c) Propore any required adjusting entry asuming LCNRV is applied to the whole poup. Dates must be entered in the formato me (16an Love the entry blank tro atting entry in require General al Account Explanation Page GB Doba Crede Date