Novak Corporation has the following four items in its ending inventory.

Item		Cost		Net Realizable Value (NRV)
Jokers		$2,920		$3,066
Penguins		7,300		7,227
Riddlers		6,424		6,753
Scarecrows		4,672		5,592

Determine the following the LCNRV for each item.

Item		LCNRV
Jokers		$
Penguins
Riddlers
Scarecrows

(1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter 0 for the amounts.)

Item		Write-down
Jokers		$
Penguins
Riddlers
Scarecrows

(2) Determine a total category LCNRV evaluation. (If no write-down, enter 0 for the amount.)

Total category LCNRV

$