LCMRV

Vaughn Corporation has the following four items in its ending inventory. Net Realizable Value (NRV) Item Cost Jokers $2,600 $2,730 Penguins 6,500 6,435 Riddlers 5,720 6,013 Scarecrows 4,160 4,979 Determine the following the LCNRV for each item. Item LCNRV Jokers ta $ Penguins Riddlers Scarecrows (1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter for the amounts.) Item Write-down Jokers Penguins Riddlers Scarecrows (2) Determine a total category LCNRV evaluation (If no write-down, enter for the amount.) Total category LCNRV