Peterson Furniture Designs is preparing the annual financial statements dated December 31. Ending inventory information about the five major items stocked for regular sale follows Required: 1-a. Complete the table column "Write-Down per ltem" and then sum the final column 1-b. Compute the amount of the total write-down when the LCM/NRV rule is applied to each item Complete this question by entering your answers in the tabs below Req 1A Req 1B Complete the table column "Write-Down per Item" and then sum the final column Unit Cost NRV per Write-down Quantity Total Write- tem FIFO Item per Item on Hand down Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers $ 60 S55 45 30 38 37 45 24 38 45 70 45 50 40 65