Inventory Write-Down Bequired: 1. What is the correct inventory yalue, assuming the UCNRV rule is applied to cach item of inventory? 2. What is the correct inventory value, assuming the LCNRV rule is applied to the total of inventory? Applying the LCNetv rule to the total of inventory will result in inventory valigtions and Gosits celative to epstreno the rideto in wente of the ueuts