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. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Complete the table column "Write-Down per Item" and then sum the final column. St Item Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers Unit Cost NRV per (FIFO) Item $ 60 $ 37 37 31 36 35 35 32 26 Write-down per Item 8 Quantity Total Write- on Hand down 55 $ 55 75 25 0 0 85 0 S 6 35 $ 32 Reg 1A Req 1B > 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. Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Compute the amount of the total write-down when the LCM/NRV rule is applied to each item. Total amount of write-down Record inventory write down to LCM/NRV. Note: Enter debits before credits Date December 31 General Journal Interest Receivable Dobit Credit Record entry Clear entry View general Journal