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5 Required Information The following information apples to the questions displayed below Peterson Furniture Designs is preparing the annual financial statements dated December Part 1

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5 Required Information The following information apples to the questions displayed below Peterson Furniture Designs is preparing the annual financial statements dated December Part 1 of 2 about the five major items stocked for regular sale follows 31. Ending inventory information 28 1-a. Complete the table column "Write-Down per Item and then sum the final column 1-b. Compute the amount of the total write-down when the LCMNRV rule is applied to each tem Complete this question by entering your answers in the tabs below Req 1A Req 18 Complete the table column "Write-Down per Item" and then sum the final column. Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Gribs Elephant Dressers 50 50 05 85 90 37 30 35 Req 11 )

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