The following information pertains to the physical Inventory of Electronics Unlimited taken at December 31: Per Unit Units on Hand Cost NRV 336 251 317 195 $186 221 175 101 $197 201 191 83 Product Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Video equipment: Televisions 5GB video cards Satellite video recorders Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control and Aux Input 471 282 203 296 181 616 251 169 645 176 143 169 161 196 211 Required: 1. Calculate the LCNRV for the: a. Inventory by major group b. Inventory, applied separately to each product. Per Unit Inventory Items LCNRV applied to: b. a. Major Separately to Each Group Product Units on Hand Cost NRV Total cost Total NRV 336 $ 186 $ 197 251 221 201 Audio equipment Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Subtotal 317 175 191 195 101 33 $ 0 $ 0 471 296 251 Video equipment: Televisions 1GB video cards Satellite video recorders Subtotal 282 181 169 203 616 645 $ $ 0 176 143 169 Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control & Aux Input Subtotal 161 196 211 $ 0 $ 0 Totals $ 0 $ $ FA 2. Prepare the appropriate entry, if any, for 1(a) and 1(b). View transaction list Journal entry worksheet 1 2 > Record the entry to write inventory down to LCNRV(major group). Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal