Decker Company has five products in its inventory. Information about ending inventory follows. Unit Unit Selling Product Quantity Cost Price ABCDE 1,050 $ 11 $ 16 900 15 18 700 4 10 300 700 9 8 14 12 The cost to sell for each product consists of a 15 percent sales commission. Required: 1. Determine the carrying value of ending inventory, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. 2. Determine the carrying value of ending inventory, assuming the LCNRV rule is applied to the entire inventory. 3. Assuming inventory write-downs are common for Decker, record any necessary year-end adjusting entry based on the amount calculated in requirement 2. Complete this question by entering your answers in the tabs belov Complete this question by entering your answers in the tabs belc Required 1 Required 2 Required 3 Determine the carrying value of ending inventory, assuming the lower of co individual products. Note: Do not round intermediate calculations. Product Units Cost A 1,050 B 900 C 700 D 300 E 700 Inventory NRV Value Required 1 Requir Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Determine the carrying value of ending inventory, assuming the LCNRV rule Note: Do not round intermediate calculations. Inventory carrying value < Required 1 Requir ournal entry worksheet Record any necessary year-end adjusting entry assuming that inventory write downs are common for Decker Company. te: Enter debits before credits. Transaction 1 General Journal Debit Credi View gen Clear entry Record entry