* LOUW Req 1A Reg 1B Reg 2 NRV per $ Complete the table column "Write-Down per Item" and then sur the final column Unit Cost Item Write-down Quantity on Total Write- (FIFO) Item per item Hand down Alligator Armoires $ 20 13 95 Bear Bureaus 53 53 Cougar Credenzas 50 57 15 Dingo Cribs 36 36 35 37 Elephant Dressers 32 35 898 GG 8 8 12 Reg 1B > Nord 2. Prepare the journal entry Peterson Furniture Designs would record on December 31 to write down its inventory to LCM/NRV. Complete this chestion by entering your answers in the tabs below. Reg 1A Req 1B Reg 2 Compute the amount of the total write-down when the LCM/NRV rule is applied to each item, Total amount of write-down Journal entry worksheet