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 Cost NRV 13 18 16 $101 88 $ 85 77 126 112 Inventory classification Keyboards Stock A Stock B Stock c Hard drives Stock X Stock Y CD burners Stock D Stock E 26 42 198 161 184 183 24 207 89 129 75 148 Required: 1-a. Determine the valuation of the above inventory at cost by individual items. Cost $ Keyboards Stock A Stock B Stock C 1,313 1,584 1,792 4,689 Hard drives Stock X Stock Y 5,148 6,762 11,910 CD Burners Stock D Stock E 6,586 26,703 33,289 Total cost $ 49,888 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 Lower of costo NRV $ 0 $ 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. General Journal Debit Credit Transaction (a) Record entry Clear entry View general journal View transaction list Journal entry worksheet