ReCord any necessary adjustment inventory and explain

ICHHIICH IIIIVITYLYII [The following information applies to the questions displayed below.] A company reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Quantity Unit Cost Unit NRV Furniture 180 $ 83 $ 98 Electronics 48 380 290 in the first account field.) 3. Record any necessary adjustment to inventory. (If no entry is required for a transaction/event, select "No Journal Entry Required" X Answer is complete but not entirely correct. No Transaction General Journal Debit Credit 1 1 Cost of Goods Sold V 4,300 X Inventory V 4,300 X