9 Required information [The following information applies to the questions displayed below.) Peterson Furniture Designs is preparing the annual financial statements dated December 31 Ending inventory Information about the five major items stocked for regular sale follows: Part 1 of 2 OTT Required: 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 item Complete this question by entering your answers in the tabs be below ROTA 10 Complete the table column write Down perten and then sur the final column NOIVA Total Write FOR dow Alligator Amor $ so $ 24 15 Duras 37 50 Cougar Credoras 55 Dingo be 75 32 30 35 Chant Required information The following information applies to the questions displayed below.) Peterson Furniture Designs is preparing the annual financial statements dated December 31, Ending inventory information about the live majoriters stocked for regular sale follows: Part 1 of 2 Required: 1-o. Complete the table column "Write Down pertem and then yum 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 bed e 1 fo Compute the into the total write down whether to each Regla