A company provides the following information related to its inventory.

1. Calculate ending inventory using the lower of cost and net realizable value rule.
2. Based on your analysis, prepare the journal entry needed to adjust inventory.

Inventory	Number of Units	Unit Cost	Unit NRV
Item A	3,800	$52	$46
Item B	4,200	$28	$30
Item C	2,500	$34	$31
Item D	1,300	$22	$24

Requirement 2: Adjust Inventory to Lower of Cost of Net Realizable Value
(Use cells A2 to D8 from the given information above to complete this question.)

cost of goods sold and inventory