Read the resilements Requliement a. What accourding actionthevld Dasson take in this stiation? Dusen shoud apply the to acsecunt for anveniories. The net realrabie value of ending imentoyy is Dosson's actual cost, so Dixion must wite the iventory: as net reatiatie value. Requirements a. What accounting action should Dixson take in this situation? b. Give any journal entry required. c. At what amount should the company report Inventory on the balance sheet? d. At what amount should the company report Cost of Goods Sold on the income statement? e. Discuss the accounting principle or concept that is most relevant to this situation