Complete this question by entering your answers in the tabs below. How wilt the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the year ended December 31 ? Complete this question by entering your answers in the tabs below. 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. Complete this question by entering your answers in the tabs below. Compute the amount that should be reported for the inventory on December 31 , after the LCM/NRV rule has been applied to each item. Sandals Company is preparing the annual financial statements dated December 31 . Ending inventory is presently recorded at its total cost of $5,400. Information about its inventory items follows: Required: 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 31 ? 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