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Home Furnishings reports inventory using the lower of cost and net realizable value (NRV) method. Below is information related to its year-end inventory. Inventory Quantity

Home Furnishings reports inventory using the lower of cost and net realizable value (NRV) method. Below is information related to its year-end inventory.

Inventory	Quantity	Cost	NRV
Furniture	250	$ 90	$ 105
Electronics	55	450	325

Record the adjustment for invetory as a journal entry

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