Decker Company has five products in its inventory. Information about the December 31, 2018, inventory follows. Unit Selling Price 25 Unit ProductQuantity Cost 1,220 S 21 24 1,020 820 400 820 30 26 25 The cost to sell for each product consists of a 10 percent sales commission Required 1. Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products 2a. Determine the carrying value of inventory at December 31, 2018, assuming the LCNRV rule is applied to the entire inventory 2b. Assuming the inventory write-downs are usual business practice for Decker, record any necessary year-end adjusting entry Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 2B Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. nventory Value Cost NRV units A 1220 ? 1020 ? 820 D 400 E 820 25,200 27,000 25,200 24,480 7,54024,480 ,112,460 3,2403,240 8,450 18,450 73,830 2,460 ,000 1,3201 77,460 84.348 K Req 1 Req 2A >