Part 1,2 and 3 of the SAME problem, not separate problems.

Part 1 of 3 Required Information [The following information applies to the questions displayed below.] A local Chevrolet dealership carries the following types of vehicles: points Quantity Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVS Unit Cost $ 22,500 17,100 12,100 16,100 32,500 28,200 Unit NRV $20,500 16,190 14,100 19, 180 35,500 23,500 eBook Print Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks. References Required: 1. Compute the total cost of the entire inventory. Total cost Required Information The following information applies to the questions displayed below.] Part 2 of 3 A local Chevrolet dealership carries the following types of vehicles: 1.5 points Quantity Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVS Unit Cost $ 22,500 17,180 12,180 16,100 32. See 28, 209 Unit NRV $20,500 16,100 14,100 19,190 35, See 23. sae eBook Print Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks. References 2. Determine whether each inventory item would be reported at cost or net realizable value (NRV). Enter the Cost per Unit for the "Lower of Cost and net realizable value" and then multiply the quantity of each inventory item by the appropriate cost or NRV amount and enter it in the Total column. Inventory Items Lower of Cost Cost or NRV and NRV per unit Total Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Total Required Information (The following information applies to the questions displayed below.] Part 3 of 3 A local Chevrolet dealership carries the following types of vehicles: 15 points Inventory Items Quantity Vans Trucks 2-door sedans 4-door sedans Sports cars SUVS Unit Cost $22,500 17,190 12,180 16,188 32,500 28,208 Unit NRV $20,500 15, 128 14.18 19,188 35,500 23, see eBook Print Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks. References 3. Prepare necessary entry to write down inventory from cost to net realizable value. (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 Record the adjustment for inventory. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal