Exercise 6-13A Calculate inventory using lower of cost and net realizable value (LO6-6) [The following information applies to the questions displayed below.] Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. xercise 6-13A Part 3 Record any necessary adjustment to inventory. (If no entry is required for a transaction/event, select "No Journal Entry Required the first account field.) 3. Record any necessary adjustment to inventory. (If no entry is required for a transaction/event, select "No Journal Entry Required" n the first account field.) Journal entry worksheet Note: Enter debits before credits