Need help with these questions please.

Use for 1-2

1. Given the acquisition cost of product Z is $83, the net realizable value for product Z is $77, the normal profit for product Z is $33, and the market value (replacement cost) for product Z is $80, what is the proper per unit inventory price for product Z using LCNRV?

2. What is the proper per unit inventory price for product Z using LCM?

Use for 3-4

3. At 12/31/17, the end of Windy Company's first year of business, inventory was $8,300 and $6,700 at cost and at market, respectively. Prepare the entry at 12/31/17 necessary to implement the LCNRVprocedure assuming Windy uses a contra account for its balance sheet.

4. At 12/31/18, inventory was $7,250 and $6,600 at cost and at market, respectively. Prepare the entry at 12/31/18 necessary to implement the LCNRV.