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Best Tractors Inc. manufactures high quality tractors for farmers. On April 1, a merchandizer purchased two tractors, A and B. The cost of unit A was $650, and the cost of unit B was $625. On April 30, the company had not sold the inventory. The net realizable value of unit A was now $685 while the net realizable value of unit was $550. The adjustment associated with the lower of cost and net realizable value on April 30 will be 12 Cost of Goods Sold 140 40 2. Inventory Priventory Cost of Goods Sold MO 140 3. Cost of Goods Sold 75 175 Inventory Inventory 75 Cost of Goods Sold 15 Multiple Choice Option 1 Option 4