Inventory records for Parts Plus : a. Using the below table determine the lower of cost and net realizable value of the ending inventory for Parts Plus. (4 marks) Item Units Total Cost NRV per Total NRV LCNRV X123 Y135 Z246 B258 220 250 350 175 Cost per unit $6.00 $3.00 $3.15 $2.25 unit $4.50 $2.75 $4.00 $2.75 6. Prepare journal entry required, if any, to record the adjustment from cost to net realizable value. (2 marks) Debit Credit X))