The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Hand Cost NRV 339 254 320 198 $189 224 178 104 $200 204 194 86 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 474 285 206 299 184 619 254 172 648 179 146 172 164 199 214 Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. Per Unit a. Inventory Items LCNRV applied to: b. Separately Major to Each Group Product Units on Hand Cost NRV Total cost Total NRV 339 $ 200 189 $ 224 254 204 Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Subtotal 320 178 194 198 104 86 474 299 254 Video equipment: Televisions 1GB video cards Satellite video recorders Subtotal 285 184 172 206 619 648 179 146 172 Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control & Aux Input Subtotal 164 199 214 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. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal