A company reports inventory using lower-of-cost-or-market. Below is information related to its year-end inventory (assume the company applies lower-of-cost-or-market rule to each inventory item separately):

Inventory Quantity Cost per Unit Market per Unit

Unit A 19 $35 $37

Unit B 27 43 40

Unit C 21 27 31

Unit D 24 13 12

a. Calculate ending inventory under lower-of-cost-or-market.

A: 2600

b. Prepare the necessary adjusting entry to inventory.

I have the accounts: Debit cost of goods sold Credit Inventory I just can't get the right numbers for b.

I dont know what I am doing wrong please help