Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Furniture Electronics Quantity 120 42 Unit Cost $ 77 320 Unit NRV $ 92 260 3. Record any necessary adjustment to inventory. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment for inventory. Note: Enter debits before credits. Transaction Debit Credit 1 General Journal Cost of Goods Sold Inventory X This is a numeric cell, so please enter numbers only.