Bonnie Denim Company sells blue jeans. Last year, skinny jeans were fashionable: this year, relaxed-fit jeans are in style. The company has 385 units of skinny jeans with a cost of $18 per unit and a market value of $16 per unit. The inventory also includes 1.010 units of relaxed-fit jeans with a cost of $16 per unit and a market value of $20 per unit. Required: Prepare the journal entry, if any, that is required to adjust the Inventory account. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet