Brief Exercise 6-10 The following information on cost and net realizable value of Tech-IT Ltd.'s various inventory categories was gathered at December 31: Inventory Categories Desktops Tablets and readers Laptops Tablets and readers Cost NRV $347,000 $326,000 168,700 224,000 221,020 285,000 97,400 94,300 Calculate the lower of cost and net realizable value for each inventory category within Tech-IT's inventory. Lower of cost and net realizable values SHOW LIST OF ACCOUNTS Prepare the entry needed to adjust Tech-IT's inventory value to the lower of cost or net realizable value at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit