(6 marks, 6 minutes) Parts Plus has the following individual inventory items at cost and net realizable value: Part Units Unit cost NRV per unit A 20 $5.00 $1.50 B 30 $3.00 $3.75 C 25 $4.25 $5.00 D 10 $1.10 $1.10 E 15 $2.30 $2.00 1) Determine the lower of cost and net realizable value of the ending inventory for Parts Plus. Show all your work 2) Prepare the journal entry required, if any, to record the adjustments from cost to net realizable value. No explanation