Please solve for the following below

Boulder, Inc. is computing its inventory at December 31, 2016. The following information relates to the five major inventory items regularly stocked for resale: Ending Inventory at 12/31/16 Item Quantity on Hand Unit Cost (FIFO) 100 150 25 300 700 $40 $50 $100 $60 $15 Net Realizable Value at 12/31/16 $35 $52 $80 $62 $12 Required: 31. Using the lower of cost or market rule (LCM or net realizable value), compute the total valuation for: A. Each inventory item's valuation at December 31, 2016, B. Total inventory valuation at December 31, 2016, and c. Any inventory write-down necessary at December 31, 2016 52. Book the journal entry necessary to write inventory down to LCM at year-end