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Please help!!! Peterson Furniture Designs is preporing the annwal financial statements dated December 34 Ending inventofy informaton about the five major items stocked for regular
Please help!!!
Peterson Furniture Designs is preporing the annwal financial statements dated December 34 Ending inventofy informaton about the five major items stocked for regular sale follows: Required: 1-6. Complete the table column "Write-Bown per item" and then sum the finat column 1.b. Compute the arnount of the total write-down when the LCMNNR rule is applind to each item 2. Prepare the journat entry Peterson Futnltute Designs would recond on December to write down if inuchtory to icMMNiN Complete this question by entering your answers in the tabs below. Complete the table coliamn "Wote Down per ltem" and then sum the final column. Peterson Furniture Designs is preparing the annual financial statements dated December 31. Ending inveritory irformetion about ti five major items stocked for regular sale follows. Required: 1-a. Complete the table column "Wite-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 Fumiture. Designs would record on December 3 to write down its imventory to LCMNRV Complete this question by entering your answers in the tabs below. Compute the amount of the total write-down when the LCN/NRV rule is applied to each item. Peterson Furniture Designs is preparing the annual financial statements dated December 31. Ending inventory infom 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 invertory rol Complete this question by entering your answers in the tabs below. is requited for a transactionevent, select "No loumal Entry Required" in the first account hield:) Step by Step Solution
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