A home improvement store, like Lowe's, carries the following items: Inventory Items Quantity Unit Cost Unit NRV Hammers. $ 7.30 10.30 E. TIT Screwdrivers Drills 25.30 1-gallon paint cans Paintbrushes View transaction list 180 3. Prepare necessary entry to write down inventory from cost to net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 Record the adjustment for inventory. Note: Enter debits before credits. $7.80 22.60