Req 1A Req 1B Compute the amount of the total write-down when the LCM/NRV rule is applied to each item Total amount of write-down sRen 14 2. Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases. 3. Which product line yields more dollars of profit? 4. Which product line yields more profit per dollar of sales? Complete this question by entering your answers in the tabs below. Required 2 Required 3Required 4 Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases. (Round your "Gross Profit Percentage" answers to 2 decimal places.) Tags Cases Gross Profit Gross Profit Percentage Required: 1-a. Complete the table column "Write-Down per ltem" and then sum the final column 1-b. Compute the amount of the total write-down when the LCM/NRV rule is applied to each item Complete this question by entering your answers in the tabs below. Req 1A Req 1B Complete the table column "Write-Down per Item" and then sum the final column. Unit Cost NRV per Write-down Quantity Total Write- Item (FIFO) Item per Item on Hand down Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers 50$45 43 45 95 50 45 80 75 43 53 53 48 Required: 1-a. Complete the table column "Write-Down per ltem" and then sum the final column 1-b. Compute the amount of the total write-down when the LCM/NRV rule is applied to each item Complete this question by entering your answers in the tabs below. Req 1A Req 1B Complete the table column "Write-Down per Item" and then sum the final column. Unit Cost NRV per Write-down Quantity Total Write- Item (FIFO) Item per Item on Hand down Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers 50$45 43 45 95 50 45 80 75 43 53 53 48