The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Hand Cost NRV 338 253 319 197 $188 223 177 103 $199 203 193 85 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 473 284 205 298 183 618 253 171 647 178 145 171 163 198 213 Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. Per Unit LCNRV applied to: Per Unit Inventory Items Units on Hand LCNRV applied to: b. a. Separately Major to Each Group Product Cost NRV Total cost Total NRV 338 $ 188 $ co 199 Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers 253 223 203 319 177 193 Audio stands 197 103 85 Subtotal Video equipment: Televisions 1GB video cards 473 298 253 284 183 171 Satellite video recorders 205 618 647 Subtotal Car equipment: GPS navigators Double DIN Car Deck with iPod/iPhone 178 145 171 Audio stands 197 103 85 Subtotal Video equipment: Televisions 473 298 253 284 183 171 1GB video cards Satellite video recorders 205 618 647 Subtotal 178 145 171 Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control & Aux Input Subtotal 163 198 213 Totals 2. Prepare the appropriate entry, if any, for 1(a) and 1(b). View transaction list Journal entry worksheet