Below is a statement of inventory for a candle shop, given on August 31. a) Calculate the lower of cost or net realizable value for the inventory, applied separately to each product, and by inventory group. LCNRV applied to Per Unit Cost Total for product Per Unit NRV Total for product Product Quantity Items Group Purple Unscented Candles Green Sand Candles Blue Scented Candles Purple Scented Candles Green Scented Candles Totals 18 27 15 22 29 7.55 6.85 8.35 7.85 7.90 7.85 7.70 7.65 7.35 8.10 b) Prepare any required adjusting entry assuming LCNRV is applied to each item. Dates must be entered in the format dd/mmm (15/Jan). Leave the entry blank if no adjusting entry is required. General Journal Account/Explanation Page GJS F Debit Credit Date c) Prepare any required adjusting entry assuming LCNRV is applied to the whole group. Dates must be entered in the format dd/mmm (15/Jan). Leave the entry blank if no adjusting entry is required. General Journal Account/Explanation Page GJS Credit Date F Debit