The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Hand Cost NRV 343 258 324 202 $182 217 171 97 $193 197 187 79 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 478 289 210 292 177 612 247 165 641 183 139 165 168 192 207 Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. Per Unit Inventory Items Units on Hand LCNRV applied to: b. a. Major Separately Group to Each Product Cost NRV Total cost Total NRV Audio equipment Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Subtotal 343 $ 258 324 202 182 $ 217 171 97 193 197 187 79 Video equipment Televisions 1GB video cards Satellite video recorders Subtotal 478 289 210 292 177 612 247 165 641 183 139 165 Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control & Aux Input Subtotal 168 192 207 Totals 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. Date General Journal Dec 31 Debit Credit Record entry Clear entry View general journal