Powder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end Inventory. Unit Unit Inventory Ski jackets Skis Quantity 20 25 Cost NRV $116 $98 301 351 Record any necessary adjusting entry for the lower of cost and net realizable value. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < Record any necessary adjusting entry for the lower of cost and net realizable value. Note: Enter debits before credits Transaction 1 General Journal Debit Credit < Prev 11 of 11 www Next >