Required information Exercise 6-13A Calculate inventory using lower of cost and net realizable value (L06-6) The following information applies to the questions displayed below) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end Inventory Inventory Furniture Electronics Quantity 300 60 Unit cont 5.95 500 Unit NV $110 350 Exercise 6-13A Part 3 3. Record any necessary adjustment to inventory. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet