ok k ht Product Cost NRV applied to Each Product BB $ 4,070 S 4,255 $ 4,070 FM 2,900 2,760 2,760 MB 9,486 8,772 8,772 SL 4,290 5,060 4,290 S 20,746 $ 20,847 $ 19,892 c. Prepare the appropriate adjusting entry, if required, based on your calculations in (b). View transaction list View journal entry worksheet 1 No Date General Journal nces 1 Dec 31, 2020 Cost of goods sold Merchandise inventory Debit Credit 854 854