Question: please explain how you derive 2b 1. By what amount, if any, should each item (considered separately) be written down? 2.a. Make the appropriate journal

please explain how you derive 2b

please explain how you derive 2b 1. By what amount, if any,

1. By what amount, if any, should each item (considered separately) be written down? 2.a. Make the appropriate journal entry (or entries) assuming that each inventory item is considered separately. If an amount box does not require an entry, leave it blank. 2.b. Make the appropriate journal entry (or entries) assuming that lower-of-cost-or-net-realizable-value method is applied to total inventory. If an amount box does not require an entry, leave it blank

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