Exercise 2: Lower of Cost and Net Realizable Value - Individual, Category and Total Inventory Calculations (first read pages 459-466) See the table below for the inventory of Rakow Incorporated. Items A and B make up a logical category and items C and D make up another logical category. Lower of Cost and Net Realizable Value Individual Item Category Total inventory Item A B A&B C Total Cost NRV Total $21,000 $20,000 20.000 25.600 $41,000 $45,600 $27,000 $27.800 6 5.000 64.000 $92.000 $91,800 $133.000 $137.400 D C&D Total Part A: Complete the last three columns of table. Part B: For each of the three situations, provide any necessary journal entry to write down to the lower of cost and net realizable value (per the book, there are two accounts that could be debited - identify both in your answers). Focus NW X