Homework: Chapter 6 HW Score: 37 Score: 0 of 1 pt 5 of 6 (4 complete) E6-22 (book/static) Nutriet Foods reports merchandise Inventory at the lower-of-cost or market. Prior to releasing its financial statements for the yer appears as follows (Click the icon to view the preliminary income statement.) Nutribet has determined that the current replacement cost of ending merchandise Inventory is $19.500. Costis 524.000 Read the requirements 31, 2019. N e s preliminary income statement before they Requirement 1. Journalize the adjusting entry for merchandise inventory. If any is required (Record debits first, then credits Select the explanation on the last line of the journal entry for situations that do not make sure to select "No entry required in the first call in the "Accounts column and love all other cells Wank) Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer Clear All