Req 1A Req 1B Complete the table column "Write-Down per Item" and then sum the final column. Item Write-down per Item Unit Cost NRV per (FIFO) Item $ 40 $ 35 22 22 Quantity on Hand 55 Total Write- down 35 Alligator Armoires Bear Bureaus Cougar Credenzas Dingo Cribs Elephant Dressers 27 31 40 28 28 25 49 47 10 Compute the amount of the total write-down when the LCM/NRV rule is applied to each item. Total amount of write-down Record inventory write down to LCM/NRV. Note: Enter debits before credits. General Journal Debit Credit Date December 31