Decker Company has five products in its inventory. Information about the December 31, 2021, inventory follows. Unit Unit Selling Product Quantity Cost Price A 1,350 $17 $24 1, 150 23 - 24 1,000 3 8 600 E 1,000 20 18 Complete this question by entering your answers in the tabs below. Required Required Required 21 Determine the carrying value of inventory at December 31, 2021, assuming the LCNRV rule is applied to the entire inventory. (Do not round intermediate calculations.) Inventory carrying value Required Required Required Assuming inventory write-downs are common for Decker, record any necessary year-end adjusting entry based on the amount calculated in requirement 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Show less View transaction list Journal entry worksheet Record any necessary year-end adjusting entry assuming that inventory write-downs are common for Decker Company. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal Clear entry