Bonnie Denim Company sells blue jeans. Last year, skinny jeans were fashionable; this year, relaxed-fit jeans are in sty The company has 595 units of skinny jeans with a cost of $28 per unit and a market value of $26 per unit. The inventory also includes 1,220 units of relaxed-fit jeans with a cost of $27 per unit and a market value of $30 per u Required: Compute the amount of the total write-down when the LCM/NRV rule is applied. Prepare the journal entry to adjust (write-down) the Inventory account. View transaction list Journal entry worksheet > A Record the entry for cost of merchandise sold on account from inventories. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit >