HW Help Save Tatum Company has four products in its inventory Information about the December 31, 2018, inventory is as follows: $15,00 109,00 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 2. Assuming that inventory write-downs are common for Tatum Company record any necessary year-end adjusting entry Complete this question by entering your answers in the tabs below. Required: Required 2 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 Product Cost NRV 102 103 Required 2 > Prex 1 of 10 Next > Required 1 Required 2 Assuming that inventory write-downs are common for Tatum Company, record any necessary year and adjustin 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 Tatum Company. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Prex 1 of 10 Next >