Record the entry to write inventory down to LCNRV (major group).

Record the entry to write inventory down to LCNRV (separately to each product).

The following information pertains to the physical Inventory of Electronics Unlimited taken at December 31: Per Unit Units on Hand Cost NRV 332 247 313 191 $199 203 193 85 $188 223 177 103 Product Audio equipment: Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Video equipment: Televisions 5GB video cards Satellite video recorders Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control and Aux Input 467 278 199 253 171 613 298 183 618 172 171 145 157 213 198 Required: 1. Calculate the LCNRV for the a. Inventory by major group b. Inventory, applied separately to each product. Per Unit Inventory Items Units on Hand LCNRV applied to: b. a. Separately Major Group to Each Product Cost NRV Total cost Total NRV 199 $ 188 332S 247 203 223 Audio equipment Wireless audio receivers Touchscreen MP3 players Audio mixers Audio stands Subtotal 313 193 177 191 85 103 467 253 298 Video equipment: Televisions 5GB video cards Satellite video recorders Subtotal 278 171 183 199 613 618 172 171 145 Car equipment: GPS navigators Double-DIN Car Deck with iPod/iPhone Control & Aux Input Subtotal 157 213 198 Totals