ewconnect. meducation.com/flow/connect.html Problems Decker Company has five products in its inventory. Information about the December 31, 2018, inventory follows. Product antity cost 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, 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. Reg 1 Red 2A Reg 28 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. Cost NRV units) A 1300 B 1100 C 900 D500 Decker Company has five products in its inventory. Information about the December 31, 2018, inventory follows. Unit Selling Price $22 24 Unit cost $ 16 21 Product Quantity 1,300 1,100 900 500 900 20 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, 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. Reg 1 Reg 2A Reg 28 Determine the carrying value of inventory at December 31, 2018, assuming the LCNRV rule is applied to the entire inventory. Inventory carrying value - Req1 Reg 28 > H. Wie wyry wuiviui, yuri Luusuvuus 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. Reg 1 Req 2A Reg 28 Assuming the inventory write-downs are usual business practice for Decker, record any necessary year-end adjusting entry. (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. Event General Journal Debit Credit