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 Cost Quantity NRV 15 20 18 $109 88 115 $ 91 75 131 Inventory Classification Keyboards Stock A Stock B Stock C Hard drives Stock X Stock Y CD burners Stock D Stock E 28 200 183 184 207 78 209 89 124 73 145 Required: 1-a. Determine the valuation of the above inventory at cost by individual items. Cost Keyboards Stock A Stock B Stock C Hard drives Stock X Stock Y CD Burners Stock D Stock E 0 Total cost 0 1-b. Determine the valuation of the above inventory at cost assuming application of lower-of-cost-or-NRV by classifications. Lower of cost or NRV applied by Items Classification Keyboards Stock A Stock B Stock C Hard drives Stock X Stock Y CD Burners Stock D Stock E Lower of cost or NRV $ 0 0 2. 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.) View transaction list Journal entry worksheet Record the allowance to reduce inventory to LC/NRV by individual items. Note: Enter debits before credits. Transaction General Journal Debit Credit (a) Record entry Clear entry View general journal