European Clothing Company manufactures two types of raincoats-Regular and Stain Resistant. Information related to both products is presented in the following Determine the ending inventory value per unit and the amount of any write-downs per unit using the lower-of-cost-or-market rule assuming that European Clothing table. uses the LIFO costing method and the group-by-group approach to LCM. (Assume that European Clothing Company is a U.S. GAAP reporter.) .: (Click the icon to view the table.) Begin by determining the ending inventory value per unit and the lower-of-cost-or-market value per unit. (Abbreviations used: NRV = Net Realizable Value, NP = Normal Profit Margin) Current Normal Profit NRV NRV - NP LIFO Replacement Selling Disposal Cost Price Costs Group Margin (Ceiling) (Floor) Market Cost LCM Regular Stain Resistant Now determine the amount of any write-downs per unit. (Complete all answer boxes. Enter a "0" for any zero amounts.) per unit. The required write-down amount for The required write-down amount for Regular raincoats is $ Stain Resistant raincoats is $ per unit. European Clothing Company manufactures two types of raincoats-Regular and Stain Resistant. Information related to both products is presented in the following Determine the ending inventory value per unit and the amount of any write-downs per unit using the lower-of-cost-or-market rule assuming that European Clothing table. uses the LIFO costing method and the group-by-group approach to LCM. (Assume that European Clothing Company is a U.S. GAAP reporter.) .: (Click the icon to view the table.) Begin by determining the ending inventory value per unit and the lower-of-cost-or-market value per unit. (Abbreviations used: NRV = Net Realizable Value, NP = Normal Profit Margin) Current Normal Profit NRV NRV - NP LIFO Replacement Selling Disposal Cost Price Costs Group Margin (Ceiling) (Floor) Market Cost LCM Regular Stain Resistant Now determine the amount of any write-downs per unit. (Complete all answer boxes. Enter a "0" for any zero amounts.) per unit. The required write-down amount for The required write-down amount for Regular raincoats is $ Stain Resistant raincoats is $ per unit