item under BE9.2 (LO 1) Floyd Corporation has the following four items in its ending inventory. Net Realizable Item Cost Value (NRV) Jokers $2,000 $2,100 Penguins 5,000 4,950 Riddlers 4,400 4,625 Scarecrows 3,200 3,830 Determine the following: (a) the LCNRV for each item, and (b) the amount of write-down, if any, using (1) an item-by-item LCNRV evaluation and (2) a total category LCNRV evaluation