Saving Star Inc. Has quite a bit of inventory in their warehouse. Some of the inventory is older and requires write-down. See the information below. Product Stoves Quantity 30 Cost $1,000.00 Per Unit NRV $ 700.00 Refrigerators 24 $ 1,200.00 $1,300.00 Dishwashers 10 $ 900.00 $1,560.00 Required: a. Calculate LCNRV for the inventory as a whole, is applicable. b. Calculate LCNRV applied separately to each product. (6 marks) Part a and b Per Unit LCNBV annlied to Inventory Items Units on Hand Cost NRV Total Cost Total NRV Inventory as a Whole Applied Separately to each product Stoves Refrigerators Dishwashers Total 30 $1.000.00 24 1.200.00 700.00 $1.300.00 10 $ 900.00 $1.560.00 c. Explain why a user of the financial statements would want the company to assess inventory for the lower of cost and net realizable value. (2 marks)