BE6-13 Determine LCNRV valuation and prepare adjustment (LO 5) AP Smart Information Technology Company has the following cost and net realizable value data at December 31 2017: Inventory Categories Cost Net Realizable Value Personal computers $27,000 $21,500 Servers Total solution printers 10,000 IJ 18,000 19,500 8,500 (a)Calculate the lower of cost and net realizable value valuation assuming Smart Information Technology Company applies LCNRV to individual products. . (b)What adjustment should the company record if it uses a perpetual inventory system