Decker Company has five products In Its Inventory. Information about the December 31, 2018, Inventory follows. Unit Cost Product 2 B Unit Selling Price $32 36 6 Quantity 1,000 1,200 1,000 600 1,000 $ 25 31 D E 5 35 32 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, 2018, assuming the lower of cost or net realizable value (LCNRV) rule is applied to Individual products. 2a. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B 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. Cost NRV Product (units) A 1000 S 25,000 IS 28,800 Inventory Value IS 25,000 37,200 2,000 2,160 37,200 B 1200 C 1000 2,000 3,000 38,880 5,400 2,160 D 600 E 1000 35,000 102,200 28.800 104,040 28.800 95,160 S S S Reg 1 Req 2A > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B Determine the carrying value of inventory at December 31, 2018, assuming the LCNRV rule is applied to the entire inventory. Inventory carrying value Reg 1 Reg 2A Reg 2B Assuming the inventory write-downs are usual business practice for Decker, record any necessary year-end adjusting entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event General Journal Debit Credit