ALL ONE QUESTION, PLEASE SHOW CALCULATIONS THANK YOU

Problem 9-1 (Algo) Lower of cost or net realizable value; by product and by total inventory (L09-1] Decker Company has five products in its inventory, Information about the December 31, 2021, inventory follows. Product Quantity A 1,45e B 1,300 1,100 D 700 1,100 Unit Cost $ 19 23 4 9 24 Unit Selling Price $24 28 1e 8 22 The cost to sell for each product consists of a 15 percent sales commission Required: 1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. 2. Determine the carrying value of inventory at December 31, 2021, assuming the LCNRV rule is applied to the entire inventory 3. Assuming inventory write-downs are common for Decker, record any necessary year-end adjusting entry based on the amount calculated in requirement 2. Check my work Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. (Do not round intermediate calculations.) Product Units Cost NRV Inventory Value A B D E 1,450 1,300 1.100 700 1,100 $ 0 0 $ 0 $ Required Required 2 > Check my work Reynicu. 1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. 2. Determine the carrying value of inventory at December 31, 2021, assuming the LCNRV rule is applied to the entire inventory 3. Assuming Inventory write-downs are common for Decker, record any necessary year-end adjusting entry based on the amount calculated in requirement 2. Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 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 Check my work Required 1 Required 2 Required 3 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.) View transaction list Journal entry worksheet