Sandals Company is preparing the annual financial statements dated December 31. Ending inventory is presently recorded at its total 5 cost of $3,575. Information about its inventory items follows: Value at Year-End $42 38 1e 54 Unit Cost When Product Line Air Flow Blister Buster Coolonite Dudesly Quantity on Hand 45 15 45 18 Acquired (FIFO) $40 40 15 50 nts eBook Required 1Required 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- Product Line Air Flow Blister Buster Coolonite Dudesly Total Hand per item down 45 15 45 10 Complete this question by entering your answers in the tabs below. Required 1 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 31? Cost of goods sold will be by 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 ces ritten-down inventory Required 2