Recording Inventory at Lower of Cost or Net Realizable Value The records of Loren Company show the following inventory data. adjusted at the end of the year and that for each year, all of the beginning inventory is sold by the end of the year. - Note: If a journal entry isn't required on any of the dates shown, select "N/A-debit" and "N/A-credit" as the account names and leave the Dr. and Cr. answers blank (zero). Recording Inventory at Lower of Cost or Net Realizable Value The records of Loren Company show the following inventory data. adjusted at the end of the year and that for each year, all of the beginning inventory is sold by the end of the year. - Note: If a journal entry isn't required on any of the dates shown, select "N/A-debit" and "N/A-credit" as the account names and leave the Dr. and Cr. answers blank (zero)