Presented below is information related to Whispering Winds Corp. for the month of January 2022. Ending inventory per perpetual records Ending inventory actually on hand Cost of goods sold Freight-out $22,190 21,590 211,690 7,720 Insurance expense Rent expense Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $11,290 21,740 59,600 10,650 15,610 420,430

Presented below is information related to Whispering Winds Corp. for the month of January 2022. Prepare the necessary adjusting entry for inventory. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter " 0 " for the amounts.)