The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Hand Cost NRV 344 259 325 203 $181 216 170 96 $192 196 186 78 Product Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Video equipment: Televisions 568 video cards Satellite video recorders Car equipment GPS navigators Double-DIN Car Deck with iPod/iPhone Control and Aux Input 479 290 211 291 176 611 246 164 640 184 138 164 169 191 206 Required: 1. Calculate the LCNRV for the a. inventory by major group b. inventory, applied separately to each product Per Unit LCNRV applied to b: Major Separately to Each Group Product Inventory Items Units on Hand Cost NRV Total cost Total NRV 181 $ 192 216 Audio equipment Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Subtotal 344 $ 259 325 203 170 96 196 186 78 $ 0 5 Video equipment Televisions 1GB video cards Satellite video recorders Subtotal 479 290 211 291 176 611 246 164 640 $ 0 $ 0 184 138 164 Car equipment GPS navigators Double-DIN Car Deck with iPod/iPhone Control & Aux Input Subtotal 169 191 206 $ 05 0 D S 0 $ 0$ Totals 0 2. Prepare the appropriate entry, if any, for 1(a) and 1(b). View transaction list Journal entry worksheet