Problem 91( Algo) Lower of cost or net realizeble value; by product and by total inventory [LO9-1] The cost to sell for each product consists of 10 percert sales commisston. Required: 1. Determine the carrying value of ending liventory, assuming the lower of cost or net realizable value (LCNRV) rule is appliled to Individual producis. 2. Determine the carryning value of ending inventory. assuming the LCNRV rule is applied to the entire Inventory. 3. Assuming inventory wnte-downs are common for Decker, record any necessary year-end adjusiling 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. individual products. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Determine the carrying value of ending inventory, assuming the LCNRV rule is applied to the entire inventory. Note: Do not round intermediate calculations. 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 trangaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record any necessary year-end adjusting entry assuming that inventory writedowns are common for Decker Company. Note: Enter debits before credits. Problem 91( Algo) Lower of cost or net realizeble value; by product and by total inventory [LO9-1] The cost to sell for each product consists of 10 percert sales commisston. Required: 1. Determine the carrying value of ending liventory, assuming the lower of cost or net realizable value (LCNRV) rule is appliled to Individual producis. 2. Determine the carryning value of ending inventory. assuming the LCNRV rule is applied to the entire Inventory. 3. Assuming inventory wnte-downs are common for Decker, record any necessary year-end adjusiling 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. individual products. Note: Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Determine the carrying value of ending inventory, assuming the LCNRV rule is applied to the entire inventory. Note: Do not round intermediate calculations. 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 trangaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record any necessary year-end adjusting entry assuming that inventory writedowns are common for Decker Company. Note: Enter debits before credits