At the end of the year, Randy's Parts Co. had the following items in inventory Item PI P2 23 P4 Quantity 60 40 80 70 Unit Cost $ 85 70 130 125 Unit Market Value $ 90 72 120 130 b. Provide the general Journal entry necessary to write down the inventory based on Requirement a Assume that Randy's Parts Co. uses the perpetual inventory system of no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction ist Journal entry worksheet Record entry for inventory loss, NO Er debits before credits General Journal Debit Credit Event 01 Prov 1 of 3 Next >