The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Hand Cost NRV 345 260 326 204 $180 215 169 95 $191 195 185 77 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 480 291 212 290 175 610 245 163 639 185 137 163 170 190 205 Per Unit Units on Inventory Items LCNRV applied to: b. a. Separately Major to Each Group Product Cost NRV Hand Total NRV Total cost 345 $ 180 $ 191 Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers 260 215 195 326 169 185 Audio stands 204 95 77 Subtotal $ 0 $ 0 Video equipment: Televisions 480 290 245 1GB video cards 291 175 163 Satellite video recorders 212 610 639 Subtotal $ 0 $ 0 185 137 163 Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control & Aux Input Subtotal 170 190 205 $ 0 $ 0 Totals $ 0 $ 0 $ 0 $ 0 2. Prepare the appropriate entry, if any, for 1(a) and 1(b). View transaction list Journal entry worksheet