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: Product Line Air Flow nister Buster Coolonite Dudesly Quantity on Hand 65 45 70 65 Unit Cost when Acquired (FIFO) $ 60 BO 100 55 Value at Year-End 564 22 98 59 23:09 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the LCHYNRV 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 Quantity on Write-down Hand per item Total Write- down Air Flow BEST Buster Coolonde Dudenly 45 70 65 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 Product Line Total Write down Air Flow Blister Buster Coclonite Dudesty Total Quantity on Write-down Hand per item 65 45 70 65 Required 1 Requiod 2 Required 3 How will the write-down of inventory to lower of cost of marketet realizable value affect the company's expenses reported for the year ended December 312 Cost of goods sold wil be (Required 1 Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Ryquired 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. Wetton-down Inventory