A company reports inventory using the lower-of-cost and net realizable value. Below is information related to its year-end inventory:

Inventory	Quantity	Cost	NRV
Unit A	10	$30	$32
Unit B	18	43	40
Unit C	12	23	27
Unit D	15	18	17

a. Calculate ending inventory under the lower-of-cost and net realizable value. b. Prepare the necessary adjusting entry to inventory. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)