Sandals Company is preparing the annual financial statement stated December 31. Ending inventory is presently recorded at its total cost of $9,475 information about its inventory items follows:

Sandals Company is preparing the annual financial statements dated December 31. Ending inventory is presently recorded at its total cost of $9,475. Information about its inventory items follows: 15 75 35 10 Quantity Unit cost when value at Product Line on Hand Acquired (FIFO) Year-End Air Flow $ 50 $ 55 Blister Buster 95 87 Coolonite 20 14 Dudesly 90 92 Required: 1. 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. 2. How will the write-down of inventory to lower of cost or marketet realizable volue affect the company's expenses reported for the year ended December 312 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each item. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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. Quantity on Write down Total Write item. 18:38 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute for all items. Product Line Quantity on Write down Total Write- Hand per item down 15 75 Air Flow Blister Buster Coolonite Dudesly Total 35 10 Required Required 2 > PH 1. Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall write-down items. 2. How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported year ended December 31? 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to Item Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 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 317 Cost of goods sold will be 1. 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. 2. How will the write-down of inventory to lower of cost or marketet realizable value offect the company's expenses reported for the year ended December 312 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each item. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each item. Written-down inventory