determine the amount of write down if any using item by item lcnrv

and the total category lcnrv

Floyd Corporation has the following four items in its ending inventory. Net Realizable Value (NRV) Item Cost Jokers $2,100 Penguins $2,000 5,000 4,400 4,950 Riddlers 4,625 Scarecrows 3,200 3,830 Your answer is partially correct. Determine the following the LCNRV for each item. Item LCNRV Jokers 2000 Penguins 4950 Riddlers 4400 Scarecrow 3200 e Textbook and Media X Your answer is incorrect. (1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. Of no write down