Decker Company has five products in its inventory. Information about the December 31, 2021, inventory follows. Unit Selling Price $22 Product Quantity A 1,300 B 1,100 900 500 E 900 mono Unit Cost $ 16 21 3 7 20 24 8 6 19 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. Answer is complete but not entirely correct. 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 Inventory NRV Value A 1,300 $ 20,800 S 28,600 $ 20,800 . 1,100 23,100 26,400 23,100 900 2,700 7,200 2,700 D 500 3,500 3,000 3,500 E 900 18,000 17,100 18,000 S 68,100 S 82,300 S 68,100