Accent Manufacturing Ltd. had the following items in inventory at year end. Cost is taken from the accounting records and NRV is based on management's best estimate of selling price less necessary costs to sell. Item Quantity Cost Per Unit NRV Per Unit Item A 100 $90 $95 Item B 150 $85 $80 Item C 180 $75 $85 Item D 130 $65 $60 Required: Prepare the journal entry necessary to adjust inventory to LCNRV assuming the company uses the valuation allowance method. The current balance in the allowance to reduce inventory to NRV is $200 debit