htmi Help Seve&Exilt Submi w 078 with Hints Check my work 8 E7-12 Reporting Inventory at Lower of Cost or Market/Net Realizable Value [LO 74 7-4) Sandals Company is preparing the annual financial statements dated December 3t. Ending inventory is presently recorded at its total cost of $6300 Infomation about its inventory tems follows Required Compute the LCMINRV write-down per unit and in total for each item in the table Also compute the total overall write-down for all 2 How will the write-down of inventory to lower of cost or marketnet realizable value affect the company's expenses reported for the year ended December 31 Compte the amourt thet should be reported for the inventory on December 31, aher the LCMNRV rule has been applied to each Complete this question by entering your answers in the tabs below