A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver Below are amounts related to Golf USA's inventory at the end of the year. Q uantity Inventory Shirts MegaDriver MegaDriver Il Cost $ 59 350 345 NRV $ 69 245 410 14 29 2 Record any necessary adjustment to inventory. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment for inventory. Note: Enter debits before credits Debit Credit Transaction 1 General Journal Cost of goods sold Inventory