Problem 9-1 (Algo) Lower of cost or net realizable value; by product and by total inventory [LO9-1] Decker Company has five producis in its inventory. Information about ending Inventory follows. The cost to sell for each product consists of a 10 percent sales commission. Required: 1. Determine the carrying value of ending inventory, assuming the lower of cost or net realizable value (LCNRV) rule Is applled to Individual products. 2. Determine the carrying value of ending Inventory, assuming the LCNRV rule is applied to the entire inventory. 3. Assuming inventory write-downs are common for Decker, record any necessary year-end adjusting entry based on the amount calculated in requirement 2 Complete this question by entering your answers in the tabs below. Determine the carrying value of ending inventory, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. Note: Do not round intermediate calculations, Problem 9-1 (Algo) Lower of cost or net realizable value; by product and by total inventory [LO9-1] Decker Company has five products in its inventory. Information about ending inventory follows. The cost to sell for each product consists of a 10 percent sales commisston. Required: 1. Determine the carrying-value of ending-inventory, assuming the lowel of cost of net realizable value (LCNRV) rule is applled to Individual products. 2. Determine the carrying value of ending inventory.assuming the LCNRV Fule 5 applled to the entire inventory. 3. Assuming inventory wrlte-downs a common for Decker.record-any necessary year-end adjusting entry based on the amount calculated in requlrement 2 . Complete this question by entering your answers in the tabs below. Determine the carrying value of ending inventory assuming the LCNRV role is applied to the entire inventory. Note: Do-not round-intermediafe, calculations: he cost to sell for each product consists of a 10 percent sales commission. Requlred: 1. Determine the carrying value of ending inventory, assuming the lower of cost or net realizable value (LCNRV) rule 15 applled to Indlvidual products. 2. Determine the carrying value of ending inventory, assuming the LCNRV rule Is applled to the entire inventory. 3. Assuming inventory write-downs are common for Decker, record any necessary year-end adjustling entry based on the amount calculated in requirement 2 . Complete this question by entering your answers in the tabs below. Assuming inventory write-downs are common for Decker, record any necessary year-end adjusting entry based on the amount calculated in requirement 2 . Note: If no entry is required for a transaction/event; seleot No jouinal entry required in the first account field. Journal entry worksheet Record any necessary year-end adjusting 'entry assuming that inventory write: downs are common for Decker Company