Produ Number of LENRV Units Cost NRV 73 ( Individual ) $ Answer T . GE $80 $119 $Answer 2 45 $81 $71 $Answer 3 15 $63 $56 $ANSWER 40 $113 $173 $ ANSWER Inventory Value Total $ANSWER LONRV Inventory Value = $Answer b ) Using the results from part 2 ) , prepare the journal entry to adjust inventory to LCNRV .* Date Account Title and Explanation Debit Credit 201 6 Jun Answer Answer 30 Answer Answer Adjust inventory to LONRV 9 ) A company reported ending inventory of $100 , 000 in year 1 . It was discovered in year 2 that the correct value of the ending* inventory was $ 103 , 000 for year 1 . Complete the following table based on this information . Assume the company uses the* perpetual inventory system . Do not enter dollar signs or commas in the input boxes . Enter a negative sign as appropriate for the Profit ( Loss ) line item . Item Reporte Correct Amount $Answer Inventory $100 , 000 Current Assets* $ 169 , 000 $ ANSWER Total Assets $588 , 000 $Answer Owner's Equity . $ANSWER Year 1 $ 210 , 000