A company reports Inventory using the lower of cost and net realizable value. Below Is Information related to its year-end Inventory 6 Inventory Unit A Unit B Unit C Unit D Quantity 12 2e 14 17 Cost $38 47 27 16 NRV $40 44 31 15 a. Calculate ending Inventory under the lower of cost and net realizable value. Ending inventory b. Prepare the necessary adjusting entry to inventory. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet