The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Product Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Video equipment: Televisions Per Unit Units on Hand Cost NRV 341 $184 $195 256 219 199 322 173 189 200 99 81 476 294 249 287 179 167 208 614 643 5GB video cards Satellite video recorders Car equipment! GPS navigators 181 141 167 Double-DIN Car Deck with iPod/iPhone Control and Aux Input 166 194 209 Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. Audio equipment: Per Unit LCNRV applied to: b. Inventory Items Units on Hand Cost NRV Total cost Total NRV a. Major Group Separately to Each Product Wireless audio receivers 341 $ 184 $ 195 Touchscreen MP3 players 256 219 199 Audio mixers 322 173 Audio stands 81 Subtotal Video equipment: Televisions 476 294 249 1GB video cards 287 179 167 Satelite video recorders 208 614 643 Subtotal Car equipment: GPS navigators 181 167 Double-DIN Car Deck with iPod/iPhone 166 194 209 Control & Aux Input Subtotal Totals 2. Prepare the appropriate entry, if any, for 1(a) and 1(b). View transaction list Journal entry worksheet 2 Record the entry to write inventory down to LCNRV(major group). Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal