36. (2 points) As of 12-31-15, Zena Company has four different inventory items on hand. Data on the four

items follows:

6

Item Quantity on hand Unit cost Expected selling price Estimated disposal costs

C3Z22P3 450 $30.75 $40 $3

PQ27845 15 $ 9.50 $10 $2

ZT15577 235 $17.00 $29 $0

SF98888 45 $43.00 $50 $9

Using the lower-of-cost-or-net realizable value approach applied on an individual-item basis, determine if Zena needs to make an entry to write her inventory down. If so, prepare the entry Zena should make