Sandals Company is preparing the annual financial statements dated December $31.$ Ending inventory is presently recorded at its total

cost of $$10,250.$ Information about its inventory items follows:

Required:

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.

How will the write$-$down of inventory to lower of cost or market$/$net realizable value affect the company's expenses reported for the

year ended December $31?$

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 $3$

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.Sandals Company is preparing the annual financial statements dated December $31.$ Ending inventory is presently recorded at its total cost of $$10,250.$ Information about its inventory items follows:

Product Line Quantity on Hand Unit Cost When Acquired $($FIFO$)$ Value at Year$-$End

Air Flow $25$ $ $90$ $ $92$

Blister Buster $158076$

Coolonite $702013$

Dudesly $609096$

Required:

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.

How will the write$-$down of inventory to lower of cost or market$/$net realizable value affect the company$$s expenses reported for the year ended December $31?$

Compute the amount that should be reported for the inventory on December $31,$ after the LCM$/$NRV rule has been applied to each item.