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Inventory Write-Down The following information for Tuell Company is available: Required: 1. Assume Tuell uses...

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Inventory Write-Down The following information for Tuell Company is available: Required: 1. Assume Tuell uses the LIF cost flow assumption. What is the correct inventory value in each of the preceding situations under U.S. GAAp? If required, round your answers to the nearest cent. 2. Assume Tuell uses the average cost inventory cost flow assumption. What is the correct inventory value in each of the preceding situations under U.S. GAAP? If required, round your answers to the nearest cent. 3. Assume that Tuelt uses the average cost inventory cost flow assumption. What is the correct inventory value in each of the preceding situations if Tuell uses IFRS? I required, round your answers to the nearest cent

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