Bridgeport Furniture Shop Inc uses the lower of cost and net realizable value basis (LCNRV) for reporting ats imentory The following tata are available at December 31. yalue rule it appeited to ind whtuar imeritory isems? What amount should be reported on Beidgeport Furniture Shop i financialsatements alter the lower of cost and net reatianle value rule is applied to individual imentory iteress? Pregare the adjusting jourtal entry required, if amy to record the lower of cosf and net realirable valus of the inventory ankaming and enter 0 for the amounts)