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Inventory Write-Down The following information is taken from Aden Company's records: Product Group Units Cost/Unit Market/Unit A 1 600 $1.00 $0.80 00 1 250 1.50

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Inventory Write-Down The following information is taken from Aden Company's records: Product Group Units Cost/Unit Market/Unit A 1 600 $1.00 $0.80 00 1 250 1.50 1.55 C 2 150 4.90 5.15 D 2 100 6.50 6.40 E 80 25.00 24.60 Required: What is the correct inventory value if the company applies the LCNRV rule to each of the following? a. Individual items Product A Product B Product C Product D Product E Total inventory value b. Groups of items $ Group 1 Group 2 Group 3 Total inventory value $ c. The inventory as a whole Total inventory value $

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