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What is the amount of write-down

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Whispering Corporation has the following four items in its ending inventory.

Item                                  Cost               Net Realizable

Value (NRV)

Jokers                          $2,080                   $2,184

Penguins                        5,200                     5,148

Riddle                            4,576                       4,810

Scarecrows                          3,328

Question (1) the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter 0 for the amounts.)

Question (2) a total category LCNRV evaluation. (If no write-down, enter 0 for the amount.)

Reference no: EM132475212

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