Peterson Furniture Designs is preparing its annual financial statements dated December 31. Ending inventory information about the five major items stocked for regular sale follows: Required: 1-a. Complete the final two columns of the table. Ending Inventory Unit Cost Net Item Quantity When Realizable LC&NRV Total on Hand Acquired Value at per Item LC&NRV (FIFO) Year-End Alligator Armoires 64 $ 29 $ 26 Bear Bureaus 89 54 54 Cougar Beds 24 64 66 Dingo Cribs 44 44 44 Elephant Dressers 470 24 20 1-b. Compute the amount that should be reported for the ending inventory using the LC&NRV rule applied to each item. Ending inventoryJournal entry worksheet Record the write-down in inventory. Note: Enter debits before credits. Record entry Clear entry View general journal