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Required: 1-a. Complete the table column Write-Down per ltem and then sum the final column. 1-b. Compute the amount of the total write-down when the
Required: 1-a. Complete the table column "Write-Down per ltem" 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 1B Complete the table column "Write-Down per Item" and then sum the final column Unit Cost NRV per Write-down Quantity Total Write- Item (FIFO) Item per Item on Hand down Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers 20 S 56 36 37 25 56 39 37 100 100 85 60 35 Req 1A Req 1B > View transaction list Journal entry worksheet Record inventory write down to LCM/NRV. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal
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