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. Unit Cost Inventory Furniture Electronics Quantity 240 54 $ 89 Unit NRV $104 320 440 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 Record the adjustment for inventory. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal