Alberta Boots is in the process of updating the cost of its inventory. Required: Prepare any adjusting journal entry that may be required by Alberta Boots based on the LCNRV calculation (by item) for their March 31 year-end. Format BIU H Cost/ NRVI Product Units Unit Unit Total Cost Total NRV LCNRV 40 $15 $19 Sandals $600 $760 Boots 60 22 28 1,320 1,300 Total $2,780