practice hw #6, #4

Lower of Cost or Net Realizable Value Han's has the following data for the items in its inventory at the end of the accounting period: 1. Compute the carrying value of Han Sales and Services ending inventory using the lower of cost or net realizable value rule applied on an item-by-item bas x Fenctoad 1. Compare actual cout of inventory to its manket value. The lower amount is the value of inventory if market value is lower, the inventory account is adfusted 2. Prepare the journal entry required to value the inventory at lower of cost or net realizable value. If an amount box does not require an entry, leave it blanki