can you explain me about the journal entries!?

Complete this question by entering your answers in the tabs below. If the market amount is less than the recorded cost of the imventory, then record the LCM adfustment to the Merchandse Inventory account. Journal entry worksheet Required: 1. Compute the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. Complete this question by entering your answers in the tabs below. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account