Inventory Quantity Cost NRV Item A Item B 130 $ 28 $ 33 40 33 23 1. Calculate ending inventory under the lower of cost and net realizable value. 2. Record any necessary adjusting entry to inventory. Complete this question by entering your answers in the tabs below. Required A Required B Record any necessary adjusting entry to inventory. (If no entry is required for a particular trans Required" in the first account field.) View transaction list Journal entry worksheet > 1 Record the adjusting entry for inventory.