Question 31 of 55 < > Sheffield Corporation has the following four items in its ending inventory. Net Realizable Item Cost Value (NRV) Jokers $2,680 $2,814 Penguins 6,700 6,633 Riddlers 5,896 6,198 Scarecrows 4,288 5,132 (a) Your Answer Correct Answer Your answer is correct. Determine the LCNRV for each item. Item LCNRV Jokers $ 2680 Penguins $ 6633 Riddlers $ 5896 Scarecrows $ 4288 eTextbook and Media Solution 8.18/16.36 = Attempts: 1 of 1 used (b) (1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter O for the amounts.) Item Jokers $ Penguins $ Riddlers $ Scarecrows $ Write-down (2) Determine the amount of write-down, if any, using a total category LCNRV evaluation. (If no write-down, enter 0 for the amount) $ Total category LCNRV