Decker Company has five products in its inventory. Information about the December 31, 2018, inventory follows Unit Unit Selling Product Quantity Cost Price $24 1,350 1,150 1,000 600 1,000 A. 17 23 24 20 18 The cost to sell for each product consists of a 1O 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 Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 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 Inventory Value Product units A 1350 B 1150 C 1000 D 600 E 1000 Cost NRV 22,95029,160 24,840 7,200 3,240 16,200 26,450 3,000 4,200 20,000 $76,600$ 80,640$ 0 Decker Company has five products in its inventory. Information about the December 31, 2018, inventory follows Unit Unit Selling Product Quantity Cost Price $24 1,350 1,150 1,000 600 1,000 A. 17 23 24 20 18 The cost to sell for each product consists of a 1O 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 Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 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 Inventory Value Product units A 1350 B 1150 C 1000 D 600 E 1000 Cost NRV 22,95029,160 24,840 7,200 3,240 16,200 26,450 3,000 4,200 20,000 $76,600$ 80,640$ 0