The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp.: Inventory Classification Per Unit Quantity Cost NRV Keyboards Stock A 25 $102 $ 74 Stock B 30 79 56 Stock C 28 106 132 Hard drives Stock X 38 189 163 Stock Y 66 185 219 CD burners Stock D Stock E 98 80 54 219 101 132 Required: 1-a. Determine the valuation of the above inventory at cost by individual items. Keyboards Stock A Stock B Stock C Hard drives Stock X Stock Y Cost Required: 1-a. Determine the valuation of the above inventory at cost by individual items. Keyboards Stock A Stock B Stock C Hard drives Stock X Stock Y CD Burners Stock D Stock E Total cost Cost b. Determine the valuation of the above inventory at cost assuming application of lower-of-cost-or-NRV by classificat Lower of cost or NRV applied by Keyboards Stock A Stock B Stock C Hard drives Stock X Stock Y CD Burners Stock D Stock E Items Lower of cost or NRV Classification 1 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