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:

2.) Compute the amount of the total write-down when the LCM/NRV rule is applied to each item.

Total amount of write-down

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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. Complate 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 per Item Item (FIFO) Item on Handdown Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers $3024 40 52 30 12 40 50 30 15 50 75 10 30 400