Presented below is information related to Renfeld, Inc.'s inventory on December 31, 2021: Stakes Torches Pitchforks 190 105 50 210 145 (Per unit) Cost Selling price Cost to sell Cost to complete 75 19 8 3 21 32 29 Required: Determine the net realizable value and carrying value of each item under lower-of-cost-or-net-realizable-value. (Do not use 5) (Per unit) Stakes Torches Pitchforks Net realizable valuo Lower of cost-orn et realiza ble value Write the journal entry to reduce inventory from cost to LCNRV (mark the credit amount as or Os do not indent for the credit entry) Debit Credit Date Account