Decker Company has five products in its inventory. Information about the December 31, 2021, inventory follows.

Decker Company has five products in its Inventory. Information about the December 31, 2021, Inventory follows. Product A B D E Quantity 1,25 1,050 980 500 980 Unit Cost $ 24 29 3 5 28 Unit Selling Price $30 32 6 4 27 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. 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 s B 1.250 1.050 900 30,000 30.450 2.700 2.500 7,200 72,850 D 500 900 E S S 0 S 0 Decker Company has five products In Its Inventory. Information about the December 31, 2021, Inventory follows. Product A B Quantity 1,250 1, ese 989 589 900 Unit Cost $ 24 29 3 5 28 Unit Selling Price $30 32 6 4 27 D E 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. 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 LCNRV rule is applied to the entire inventory. (Do not round intermediate calculations.) Inventory carrying value B D E 1,050 989 580 989 29 3 5 28 32 6 4 27 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assuming inventory write-downs are common for Decker, record any necessary year-end adjusting entry based on the amount calculated in requirement 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record any necessary year-end adjusting entry assuming that inventory write- downs are common for Decker Company. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal