Question 1 0.5/1 View Policies Show Attempt History Current Attempt in Progress Whispering Corporation has the following four items in its ending inventory. Item Jokers Penguins Riddlers Scarecrows Cost $2,560 6,400 5,632 4,096 Net Realizable Value (NRV) $2.688 6,336 5.920 4,902 Your answer is correct. Determine the following the LCNRV for each item. Item LCNRV Jokers 2560 Penguins 6336 Riddlers 5632 Scarecrows 4096 (1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter for the amounts.) Item Write-down Jokers Penguins Riddlers Scarecrows (2) Determine a total category LCNRV evaluation. (If no write-down, enter for the amount.) Total category LCNRY $