Sandals Company is preparing the annual financial statements are dated December 31. Ending inventory is presently recorded at its total cost of $7550. Information about its inventory items follows:

Quantity Unit Cost When s 15 18 Air Flow Blister Buster Coolonite Dudesly 35 15 100 108 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 2. How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each items year ended December 31? tem. item. the total the LCM/NRV write-down per unit and in total for each item in the table. Also Line nat item. te this How will the will be 2. How will the write-down of inventor y to lower of cost or marketet realizable value affect the company's expenses reporte year ended er 31? t that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied 3. Compute the amoun item Complete this q ow. Required 1Required 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. K Required 2 ch