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Quantity Unit Cost When Acquired (FIFO) at Year- End Product Line on Hand Air Flow...

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Quantity Unit Cost When Acquired (FIFO) at Year- End Product Line on Hand Air Flow Blister Buster Coolonite Dudesly 50 15 65 $53 75 10 85 95 61 17 15 Requlred: 1. Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall write-down for all items year ended December 31? item. 2. How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 in the table. Also compute the total overall write-down Compute the LCMNRV virite-dovn per unit and in tortal for ch tem in the tabie. Also compute the total overall uite d for all items. Quantity on Write-down Total Write- per item down Produot Line Air Flow Blister Buster Coolonite Dudesly Total Hand 75 85 95

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