Decker Company has five products in its inventory. Information about ending inventory follows. Product Quantity Unit Cost Unit Selling Price 1,500 $ 20 $ 26 B 1,300 25 28 C 1,100 5 10 D E 700 1,100 9 8 24 23 The cost to sell for each product consists of a 10 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 below. Requined 1 Required 2 Required 3 Determine the carrying value of ending Inventory, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. Note: Do not round intermediate calculations. Product Units Cost NRV Inventory Value A 1,500 $ 30,000 $ B 1,300 32,500 23 29,250 1,100 5,500 D 700 6,300 E 1,100 26,400 $ 100,700 $ 29,273 $ 0 Decker Company has five products in its inventory. Information about ending inventory follows. Unit Unit Selling Cost Product A Quantity 1,500 Price $ 20 $ 26 BCDE 8 1,300 25 28 1,100 5 10 E 9 24 8 23 700 1,100 The cost to sell for each product consists of a 10 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 below. Required 1 Required 2 Required 3 Determine the carrying value of ending inventory, assuming the LCNRV rule is applied to the entire inventory. Note: Do not round intermediate calculations. Inventory carrying value $ 95,810