The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp.:

Per Unit

Inventory Classification Quantity Cost NRV

Keyboards

Stock A $23$ $ $99$ $ $73$

Stock B $289675$

Stock C $26117141$

Hard drives

Stock X $36208184$

Stock Y $62190222$

CD burners

Stock D $949773$

Stock E $217100129$Prepare the entry to record the writedown, if any, to reduce ending inventory to lower of cost or NRV$.$ Assume periodic inventory

and the allowance method. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account

field.$)$

$(1)$ Record the allowance to reduce inventory to LC$/$NRV by

individual items.

$2$ Record the allowance to reduce inventory to LC$/$NRV by

class of inventory.