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 Quantity CORE NRV 23 28 26 $ 99 96 117 $ 73 75 141 Inventory Classification Keyboards Stock Stock B Stock C Hard drives Stock X Stock Y CD burners Stock D Stock E 36 62 208 190 184 222 94 217 97 100 73 129 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 Stack X Required: 1-a. Determine the valuation of the above inventory at cost by individual items Cost Keyboards Stock A Stock B Stock C 0 Hard drives Stock X Stock Y 0 CD Burners Stock D Stock E 0 Total cost CA 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 5 Lower of cost or NRV S 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 1 2 Record the allowance to reduce inventory to LC/NRV by individual items. Note: Enter debits before credits. Debit Credit General Journal Transaction (a)