please Help!!!!

E7-13 (Algo) Reporting Inventory at Lower of Cost or Market/Net Realizable Value (LO 7-4) 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. 1-6. Compute the amount of the total write-down when the LCM/NRV rule is applied to each item. 2. Prepare the journal entry Peterson Furniture Designs would record on December 31 to write down its inventory to LCM/NRV. Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Reg 2 NRV per Complete the table column "Write-Down per Item" and then sum the final column. Item Unit Cost Write-down Quantity on Total Write (FIFO) Item per Item Hand down Alligator Armoires $ $ 27 35 Bear Bureaus 59 15 Cougar Credenzas 40 42 75 Dingo Cribs 39 75 Elephant Dressors 32 28 45 888 Reg 1 Reg 13 > E7-13 (Algo) Reporting Inventory at Lower of Cost or Market/Net Realizable Value (LO 7-4] 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. 2. Prepare the journal entry Peterson Furniture Designs would record on December 31 to write down its inventory to LCM/NRV. Complete this question by entering your answers in the tabs below. Reg 1A ReqIB Reg 2 Compute the amount of the total write-down when the LCM/NRV rule is applied to each item. Total amount of write down Complete this question by entering your answers in the tabs below. Rea 1 Reg 1B Reg 2 Prepare the journal entry Peterson Furniture Designs would record on December 31 to write down its inventory to LCM/NRV. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet