Purple Corp. had a fire sprinkler go off in a warehouse, damaging 2.200 units of its regular inventory. Information with respect to the units: Cost. $46 per unit Regular selling price, $82 per unit Estimated selling price once repaired. $34 per unit Estimated repair cost, $14.80 per unit Variable selling cost, $3.20 per unit The company keeps perpetual inventory records Required: 1. Determine the value to be assigned to each damaged unit. NRV for inventory 2. Assume that the company segregates damaged inventory in a separate account. Provide the journal entry, (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Maw transaction let 2. Assume that the company segregates damaged inventory in a separate account. Provide the journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the write down of damaged inventory. Note: Enter dbits before credits Transaction General Journal Debit Credit