Decker Company has five products in its inventory Information about the December 31, 2021, inventory follows Quanti 15e 1380 111 ee 1 169 Unit cost $ 28 25 5 RE Selling Price $26 28 10 24 23 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, 2021, assuming the lower of cost of net realizable value (LCNRV) rule is applied to individual products, 2. Determine the carrying value of inventory at December 31, 2021, 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 Required 2 Required 3 Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. (Do not round Intermediate calculation] Product Units Cost NRV Inventory Value A B 1.500 5 4.300 1.100 700 1.100 $ 20 25 5 D E 24 83 0 (Modules 10 and 11 Decker Company has five products in its inventory Information about the December 31, 2021. inventory follows. 0 Product Duantity 1,588 1 300 1 100 700 1,100 Unit Cost $20 25 5 Uit Selling Price $26 28 18 8 23 D 24 090 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, 2021. assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products 2. Determine the carrying value of inventory at December 31, 2021. 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 inventory at December 31, 2021, assuming the LCR rule is applied to the entire inventory (Do not found Intermediate calculations ictie Inventory carrying value