Decker Company has five products in its inventory. Information about ending inventory follows.

The cost to sell for each product consists of a $15$ percent sales commission.

Required:

Determine the carrying value of ending inventory, assuming the lower of cost or net realizable value $($LCNRV$)$ rule is applied to

individual products.

Determine the carrying value of ending inventory, assuming the LCNRV rule is applied to the entire inventory.

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.

Determine the carrying value of ending inventory, assuming the lower of cost or net realizable value $($LCNRV$)$ rule is applied to

individual products.

Note: Do not round intermediate calculations.