CH 7 HW Help Save & 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: Required: 1a. 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 LCM/NRV rule is applied to each item. 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. Unit Cost NRV per Itern FIFO) 15 Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers S 30 27 15 27 21 23 34 27 23 32 100 100 Req 18 > Prev of11 Next>