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Blossom Company has provided you with the following information regarding its inventory of copper for September and October Blossom uses a perpetual inventory system. September 30 Copper inventory (in tonnes) Cost per tonne NRV per tonne 2,500 $ 550 October 31 2,000 $ 625 $585 $ 525 Calculate the cost, the net realizable value, and the amount to be reported on the balance sheet for Blossom's inventory at (1) September 30 and (2) October 31. Tonnes Total Cost Total NRV LCNRV (1) Sept. 30 2,500 $ (2) Oct. 31 2.000 Prepare any journal entries required to record the LCNRV of the copper inventory at (1) September 30 and (2) October 31. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation Sept. (1) 30 (2) Oct. 31 e Textbook and Media List of Accounts Assume that during the month of November the company did not purchase or sell any copper inventory and that the NRV per tonne was $ 535 on November 30. Is an adjusting entry required at November 30? If so, prepare the adjusting entry. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 30 (To record partial recovery of write down of inventory to lower net realizable value.)