owder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end iventory. ecord any necessary adjusting entry for the lower of cost and net realizable value. (If no entry is required for a particular ansaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record any necessary adjusting entry for the lower of cost and net realizable value. Note: Enter debits before credits