Record any necessary, adjusting entry to inventory

calculate ending inventory under the lower of cost and net realizable value

company reports inventory using the lower of cost and net realizable value. Below is information related to its year-end inventory: 1. Calculate ending inventory under the lower of cost and net realizable value. 2. Record any necessary adjusting entry to inventory. Complete this question by entering your answers in the tabs below. Record any necessary adjusting entry to inventory. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) 1. Calculate ending inventory under the lower of cost and net realizable value. 2. Record any necessary adjusting entry to inventory. Complete this question by entering your answers in the tabs below. Calculate ending inventory under the lower of cost and net realizable value