2) Bonnie Denim Company sells blue jeans. Last year, skinny jeans were fashionable; this year, relaxed-fit jeans are in style. The company has 940 units of skinny jeans with a cost of $38 per unit and a market value of $34 per unit. The inventory also includes 2,360 units of relaxed-fit jeans with a cost of $33 per unit and a market value of $39 per unit. Required: Prepare the journal entry, if any, that is required to adjust the Inventory account, or note "No iournal entry required". 15,040