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 Keyboards Stock A Quantity Cost NRV $101 $ 90 8 Stock B 75 81 13 Stock C 11 101 110 Hard drives Stock X 21 173 182 Stock Y 32 171 188 CD burners Stock D 64 94 85 Stock E 202 130 144 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 0 CD Burners Stock D Stock E 0 Total cost 0 $ EA 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 ist 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) View general journal Clear entry Record entry