Please answer requirements 2 & 3 as well so I can understand the question better(:

Sandals Company is preparing the annual financial statements dated December 31. Ending inventory is presenty recorded at its total cost of $18,075. Information about Its inventory Items follows: Unit Cost Quantity When Acquired Value $64 72 98 Product Line on Hand Air Flow Blister (FIFO at Year-End 65 45 70 $ 60 80 100 Coolonite Dudesly 65 59 Required: 1. Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overal 2. 3. Compute the amount that should be reported for the Inventory on December 31, after the LCMNRV rule has been write-down for all items How w the write-down of inventory to lower of cost or marketet reallzable value affect the company's expenses reported for the year ended December 31? appl ed to each ltem Complete this question by entering your answers in the tabs below Required Required Required Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall write-down for all items. t Line Quantity down Write- on Hand 65 45 Air Flow Blister Buster Coolonite Dudesly Total 65 Required 1 Required 2> Required Required Required How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the year ended December 31? Cost of goods sold l be by Required 1 Required 3 Required Required Required Compute the amount that should be reported for the inventory on December 31, after the . LCM/NRV rule has been applied to each item ritten-down inventory K Required 2 Required 3