Sandals Company is preparing the annual financial statements dated December 31. Ending inventory is presently recorded at its total cost of $5,465. Information about its inventory items follows: Product Line Quantity on Hand Unit Cost When Acquired (FIFO) Value at Year-End Air Flow 20 $ 12 $ 14 Blister Buster 75 40 38 Coolonite 35 55 50 Dudesly 10 30 35 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 companys 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