A company reports inventory using the lower of cost and net realizable value. Below is information related to its year-end inventory: Inventory Unit A Unit B Unit C Unit D Quantity 15 23 17 20 Cost $33 47 28 16 NRV $35 44 32 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