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 Cost NRV 9 $ 98 $ 86 14 88 81 12 111 121 Inventory Classification Keyboards Stock A Stock B Stock C Hard drives Stock X Stock Y CD burners Stock D Stock E 22 34 202 260 192 178 66 203 92 121 82 136 Required: 1-a. Determine the valuation of the above inventory at cost by individual items 1-a. Determine the valuation of the above inventory at cost by individual items. Cost Keyboards Stock A $ $ Stock B 2,058 2,184 2,640 6,882 Stock C Hard drives Stock X Stock Y 7,140 10,324 17,464 CD Burners Stock D Stock E 9,090 22,575 31.665 56.011 Total cost $ $ 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 $ 1,554 1,690 2,640 Stock C 6,412 Hard drives Stock X Stock Y 6,392 10,324 17,464 CD Burners Stock D 7.110 22,575 Stock E 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 debitis before credits Transaction General Journal Debit Credit