Complete this question by entering your answers in the tabs below. Determine whether each inventory item would be reported at cost or net realizable value (NRV). Enter the amount of eith the Unit Cost or Unit NRV in the "Lower of Cost and NRV per unit" column and then multiply this amount by the quantity each inventory item and enter it in the "Total" column. A local Chevrolet dealership carries the following types of vehicles: Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks. Required: 1. Compute the total cost of the entire inventory. 2. Determine whether each inventory item would be reported at cost or net realizable value (NRV). Enter the amount of either Unit Cost or Unit NRV in the "Lower of Cost and NRV per unit" column and then multiply this amount by the quantify of each inventory item and enter it in the "Total" column. 3. From the information in the previous requirements, determine the financial statement effects of using lower of cost and net realizable value to report inventory. Complete this question by entering your answers in the tabs below. Compute the total cost of the entire inventory. Conplete this question by entering vour answers in the tals below