Part b) What adjustment should the company record if it uses a perpetual inventory system?

Blossom Company has the following cost and net realizable value data at December 31, 2021: Inventory Categories Personal computers Servers Total solution printers Cost $24,900 18,800 10,000 Net Realizable Value $21,500 19,500 7,300 (a) Your answer is correct. Calculate the lower of cost and net realizable value valuation assuming Blossom Company applies LCNRV to individual products. Lower of cost and net realizable value 47,600 (b) What adjustment should the company record if it uses a perpetual inventory system? (Credit account titles are automatically Indented w amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the ar Account Titles and Explanation Debit Credit (To record adjustment to cost of goods sold.)