Problem 12-2 and Problem 12-4. with clear explanation and clear formatting. ASAP. Thank you

Problem 12-2 (AICPA Adapted) Prime Company manufactures and sells four products, the inventories of which are priced at cost or net realizable value whichever is lower. A normal profit of 30% is usually maintained on each product. The following information is compiled at year-end: Original Cost to Estimated Normal Product cost dispose selling price selling price 700 150 800 700 475 205 950 950 255 50 300 350 450 260 1,000 900 Required: Determine the unit value for each product applying the lower of cost and net realizable value in measuring inventory.Problem 12-4 (IAA) White Company carried four items in inventory. The following per-unit data relate to these items at the end of first year of operations: Units Cost Sales price Selling cost Normal profit Category 1: A 25,000 105 130 15 B 20,000 85 20 90 10 10 Category 2: 40,000 50 45 5 30,000 5 65 75 15 10 Required: Calculate the value of the inventory under the following approaches: a. The LCNRV is applied to the individual inventory item b. The LCNRV is applied to the inventory category c. The LONRV is applied to the inventory as a whole