Decker Company has five products in its inventory. Information about the December 31, 2021, inventory follows. Product Quantity A 1,100 B 900 800 D 400 E 800 Unit Cost $ 30 35 4 11 34 Unit Selling Price $36 38 12 10 33 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 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 lower of cost or net realizable value (LCNRV) rule is applied to individual products. (Do not round intermediate calculations.) Product Units Cost NRV Inventory Value . 1,100 900 B 800 D 400 E 800