Crane Company has the following cost and net realizable value data at December 31, 2021: Inventory Categories Personal computers Servers Total solution printers Cost $24,800 19,000 10,000 Net Realizable Value $21.500 19.500 7,600 (a) Your answer is incorrect. Calculate the lower of cost and net realizable value valuation assuming Crane Company applies LCNRV to individual products. Lower of cost and net realizable value $ (b) What adjustment should the company record if it uses a perpetual inventory system? (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 entero for the amounts.) Debit Credit Account Titles and Explanation (To record adjustment to cost of goods sold.) e Textbook and Media List of Accounts Save for Later Attempts:0 of 5 used Submit