A company provides the following information related to its inventory.

Inventory Number of Units Unit Cost Unit NRV

Item A $3,800$ $ $52$ $ $46$

Item B $4,2002830$

Item C $2,5003431$

Item D $1,3002224$

Required:

Calculate ending inventory using the lower of cost and net realizable value rule.

Based on your analysis, prepare the journal entry needed to adjust inventory.