Question 5 Pina Corporation sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2018: Coffee Bean Coffea arabica Coffea robusta Units 14,200 bags 4,900 bags Unit Cost Net Realizable Value $5.60 $5.55 3.40 3.50 v (a) Your answer is correct. Calculate Pina's inventory at the lower of cost and net realizable value. (Round answer to the nearest whole dollar, e.g. 5,275.) Inventory at the lower of cost and net realizable value 95,470 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT Attempts: 2 of 2 used (b) Your answer is partially correct. Try again. Prepare any journal entry required to record the LCNRV, assuming that Pina uses a perpetual inventory system. (Round answer to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 XER Attempts: 1 of 2 used