8. Under the principle of lower-of-cost-or-net realizable value, when a company has 15 items with a market value of $50 each and a cost of $60 each, make the journal entry to adjust the value. 9. Anthony Corp reported the following amounts for the year: Net Sales $290,000$138,000$50,000 Calculate the inventory turnover rate and average days in inventory for Anthony Corp. 10. In choosing an inventory costing method, give one conern that might be considered as part of the decision process