Carrying Value of Inventory Please read Chapter 9 before completing this assignment. Helpful references from your text: E 9-3 Lower of cost or net realizable value . LO9-1 Scenario Tatum Company has four products in its inventory. Information about the 31, 2018, inventory is as follows: Product Inventory Total Cost Total Net Realizable Value 120,000.00 90,000.00 60,000.00 30,000.00 Tatum Company Product 101 102 103 104 100,00.00 110,000.00 50,000.00 50.000.00 Assignment: 1. Determine the car rying value of inventory at December 31. 2018, a the lower of cost or net realizable value (LCNRV) rule is applied to i products Submit Canicel acer box/user/folder_submit files.d21?db-60214018grpid-08isprv-08bp 08ou 7653198 Product Inventory Total Cost Total Net Realizable Value 120,000.00 90,000.00 60,000.00 30,000.00 roduct 100,00.00 110,000.00 50,000.00 50,000.00 101 102 103 104 ment: Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products Assuming that inventory write-downs are common for Tatum Company, record any necessary year-end adjusting entry hit