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Problem 6-4A Report inventory using lower of cost and net realizable value (L06-6) [The following Information applies to the questions displayed below.] A local Chevrolet

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Problem 6-4A Report inventory using lower of cost and net realizable value (L06-6) [The following Information applies to the questions displayed below.] A local Chevrolet dealership carries the following types of vehicles Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Quantity 3 6 2 7 3 5 Unit Cost $19,500 16,5ee 11,500 15,5ee 29,500 27,000 Unit NRV $17,5ee 15,500 13,500 18,500 32,500 20,5ee Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans and trucks a Problem 6-4A Part 3 3. Prepare necessary entry to write down inventory from cost to net realizable value. (If no entry is required for a transact select "No Journal Entry Required" in the first account field.) No Transaction General Journal Debit Credit Pret inte att

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