A company reports inventory using the lower of cost and net realizable value. Below is information related to its year-end inventory: Help Inventory Item Item B Quantity 110 50 Cost $22 27 NRV $27 17 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