Required Informatlon The following Information applies to the questions displayed belowj Peterson Furniture Designs is preparing the annual financial statements dated December 31. Ending Inventory Information about the five major items stocked for regular sale follows: Requirec 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 ltem. Complete this question by entering your answers in the tabs below Req 1A Req 1 Complete the table column "Write-Down per Item" and then sum the final column rite-down Quantity Total Write- per Item Unit Cost NRV per item FIFO Item on Hand down 60 S 52 S 53 23 20 36 320 Alligator Anmoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers 10 85 75 90 70 53 20 39