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, Swing (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA's inventory. Inventory Shirts Quantity Unit Cost Unit NRV 27 $50 $62 MegaDriver 21 280 200 MegaDriver II 22 310 340 3. Record any necessary adjusting entry for the lower of cost and net realizable value. Note: 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 < 1 Record any necessary adjusting entry for the lower of cost and net realizable value. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit