The following information pertains to the physical inventory of Electronics Unlimited taken at December 31 : Required: 1. Calculate the LCNRV for the o. inventory by major group b. inventory, applied separately to each product 2. Prepare the appropriate entry, if any, for 1(a) and 1(b). Journal entry worksheet Record the entry to write inventory down to LCNRV(major group). Note: Enter debits before credits