Decker Company has five products in its inventory. Information about the December 31, 2018, inventory follows. Unit Unit Selling Product Quay Cost Price A 1,050 4 11 416 B 900 15 18 C 700 4 10 D 300 8 E 700 14 12 The cost to sell for each product consists of a 15 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. 28. 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 Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Red 28 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. Product (units) A 1050 Cost NRV Inventory Value