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 Item" 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. Reg 1A Reg 1B Complete the table column "Write-Down per Item" and then sum the final column es Item NRV per Write-down per Item Total Write down Unit Cost (FIFO) Item S 40 $ 36 48 48 Quantity on Hand 20 30 Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cnbs Elephant Dressers 24 27 51 40 70 51 24 17 75 Req 18 > [The following information applies to the questions displayed below.) 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: 1-0. Complete the table column "Write-Down per Item" 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. Reg 1A Reg 1B Compute the amount of the total write-down when the LCM/NRV rule is applied to each item. Total amount of write down