Cost Per Unit Quantity Total for product Below is a statement of inventory for a candle shop, given on June 30. a) Calculate the lower of cost or net realizable value for the inventory, applied separately to each product, and by inventory group Product NRV Per Unit Total for product LCNRV applied to Items Group Blue Unscented Candles Purple Votive Candles Blue Sand Candles Red Sand Candles Red Unscented Candles Totals 27882 15 7 7.30 17 7.30 7.70 9.25 9.35 13 6.95 5.75 7.40 5.05 b) Prepare any required adjusting entry assuming LCNRV is applied to each item. Dates must be entered in the format dd/mmm (15dan) Leave the entry ban ad Page GJ required. Date General Journal Account/Explanation F Debit Credit c) Prepare any required adjusting entry assuming LCNRV is applied to the whole group. Dates must be entered in the format ddimmm (15 Leve the ty entry is required. Date General Journal Account/Explanation F Debit Page GJ Credit