Saved Help Save & Exit Check my Product Line Air Flow Blister Buster Coolonite Dudesly on HandAcquired (FIFO) at Year-E $12 40 20 75 35 10 $14 38 50 35 30 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. year ended December 31? tem. 2. How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each Complete this 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? of Required 1 Required 3> CPrev 2 of 4 llI Next