Culver Corporation sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2018: Coffee Bean Coffea arabica Coffea robusta Units 16,600 bags 6,500 bags Unit Cost Net Realizable Value $5.60 $5.55 3.40 3.50 Calculate Culver's inventory at the lower of cost and net realizable value. (Round answer to the nearest whole dollar, e.g. 5,275.) Inventory at the lower of cost and net realizable value $ eTextbook and Media Prepare any journal entry required to record the LCNRV, assuming that Culver uses a perpetual inventory system. (Round answer to the nearest whole dollar, e.g. 5,275. 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 for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 e Textbook and Media