es The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Product Audio equipment: Wireless audio receivers Audio mixers Audio stands Video equipment: Televisions Units on Hand Cost NRV 345 $180 $191 Touchscreen MP3 players 260 215 195 326 169 185 2041 95 77 480 290 245 5GB video cards 291 175 163 Satellite video recorders 212 610 639 Car equipment: GPS navigators 185 137 163 Double-DIN Car Deck with iPod/iPhone 170 190 205 Control and Aux Input Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. Per Unit LCNRV applied to: b. a. Inventory Items Units on Hand Cost NRV Total cost Total NRV Major Group Separately to Each) Product Audio equipment: Wireless audio receivers 345 $ 180 $ 191 Touchscreen MP3 players 260 215 195 Audio mixers 326 169 185 Audio stands 204 95 77 Subtotal $ 0 $ 0 Video equipment: Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. Per Unit Inventory Items a. Units on Hand LCNRV applied to: b. Separately Cost NRV Total cost Total NRV Major Group to Each Product Audio equipment Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Subtotal 345 $ 180 $ 191 260 215 195 326 169 185 204 95 77 $ 0 $ 0 Video equipment Televisions 480 290 245 1GB video cards 291 175 163 Satellite video recorders 212 610 639 Subtotal $ 0 $ 0 Car equipment GPS navigators 185 137 163 Double-DIN Car Deck with iPod/iPhone Control & Aux Input 170 190 205 Subtotal $ 0 $ 0 Totals $ 0 $ 0 $ 0 $ 0 2. Prepare the appropriate entry, if any, for 1(a) and 1(b). View transaction list Journal entry worksheet 1 2 Record the entry to write inventory down to LCNRV (major group). Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal