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2. Dover Company began operations in 2015 and determined its ending inventory at cost and at a LCNRV at December 31, 2015, and December 31,

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2. Dover Company began operations in 2015 and determined its ending inventory at cost and at a LCNRV at December 31, 2015, and December 31, 2016. This information is presented below. Cost Net Realizable Value 12/31/15 510,000 485,000 12/31/16 615,000 590,000 12/31/16 600,000 610,000 Instructions Prepare the journal entries required at December 31, 2015, and December 31, 2016,2017 assuming that the inventory is recorded at cost, using a perpetual system and the loss method. (3 Points)

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