Peterson Furniture Designs is preparing the annual financial statements dated December 31. Ending inventory information about the five major items start for regular sale follows:

Required: 1-a. Complete the table column "Write-Down per Item" ar 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 (FIFO) Itemper Itemon Handdown Item Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs 20 40 S 48 24 51 24 36 48 27 51 40 70 75 Req 1B > 1-a. Complete the table colmh Write DOwh per Ttern drnd then sul ue lar coldlr. 1-b. Compute the amount of the total write-down when the LCM/NRV rule is applied to each Complete this question by entering your answers in the tabs below. Req 1A Req 1B Compute the amount of the total write-down when the LCM/NRV rule is applied to each item. Total amount of write-down K Req 1A 2 of 3 l Next