Sandals Company is preparing the annual financial statements dated December 31. Ending inventory is presently recorded at its total cost of $18,075 Information about its inventory items follows: 5 Product Line Air Flow slister Buster Coolante Ouderly Quantity on Hand 65 45 70 65 Unit Cost when Acquired (FLFO) 3.60 10 100 55 Value at Year End 364 72 98 39 points . im Required: 1. Compute the LCMNRV 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 marketinet realizable value 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 LCMNRV rule has been applied to each Hem . 5 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 al items 2. 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 312 3. Compute the amount that should be reported for the inventory on December 31, after the LCMNRV rule has been applied to each item Ints Complete this question by entering your answers in the tabs below. eBook Print 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. Product Line Total Write down Quantity on Write down Hand per item 65 45 Alt Flow Bister Buster Coolonite Dudesly Total 70 65 Required 2 > 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 value 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 LCMINRV rule has been applied to each item Dok int Complete this is 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 wil be (Required 1 Required 3 > 5 Air Flow Blister Buster Coolonite Dudesly 65 45 70 65 $ 60 Be 169 55 564 72 98 59 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 value 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 cBook Print Complete this question by entbring 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