Sandals Company is preparing the annual financial statements dated December 31. Ending inventory is presently recorded at its total cost of $3,575. Information about its inventory items follows: \begin{tabular}{|l|r|r|r|} \hline Product Line & QuantityonHand & Write-downperitem & TotalWrite-down \\ \hline Air Flow & 45 & & \\ \hline Blister Buster & 15 & & \\ \hline Coolonite & 45 & & \\ \hline Dudesly & 10 & & \\ \hline Total & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Cost of goods sold will be & by \\ \hline \end{tabular} Written-down inventory