Part B - Lower of Cost or NRV (8 marks) Cyber Shop has the following per unit original costs and net realizable values for its home computer inventory: Product Units Available Cost NRV Desk-top Computer D10 10 $3,000 $2,500 Desk-top Computer D13 20 $5,000 $5.500 Desk-top Computer D16 15 $7,000 $6,500 Desk-top Computer D17 25 $9,000 $9,800 Required: 1. Calculate the value of inventory by applying lower of cost or net realizable value to each individual item 2. Calculate the value of inventory by applying lower of cost or net realizable value to the inventory as a whole. 3. For both 1 and 2. above, explain whether a write-down of inventory needs to be made, and if so, show the journal entry