Run Co sells the shoe The Towing and netree walut inventory at December 2021 out of item Nike Saucony Under Armour Units 25 10 Unit NAV 5200 Unit cost 5100 11.10 5120 590 20 $225 Required: 1. Calculate the December 31, 2021 in realizable value for each item. [3 mar 2. List three internal control procedures marks) Uning the lower of cost and not can use to protect its inventory? [3 Under Armour 3120 Required 1. Calculate the December 31, 2021 inventory balance using the lower of cost and net realizable value for each item. marks) 2. List three internal control procedures which Run Co can use to protect its inventory