Required information Problem 6.5A (A|go) Calculate ending inventory and cost of goods sold using FIFO and LIFO and adjust inventory using lower of cost and net realizable value (LO63,66) [The following information applies to the questionis displayed below] Fo the current yeac, Waiker Games thas the following inventory transactions related to its traditional board games. Walker Gaimes uses a periodic inventory system. Problem 6.5A (Algo) Part 3 Because of the increasing popalarity of electronic video games. Walker Games continues to see a decine in the demand for board gomes. Sales prices have decreased by over 50% during the year. At the ond of the yeac. Wakker estimates the net realizable yalue of the 70 unats of unsold inventory to be $400. 3.a. Determine the amount of ending invertory to regort using lower of cost and net reolitable value under FiFO. 3.b. Record any necessary adjusting entry under FiFO. Complete this question by entering your anwwers in the tabs below. Because of the increasing popularity of electronic video games, Wolker Games continues to see a decline in the demand for board. qames. Sales prices have decreased by over 50% during the year. At the end of the year, Walker estimates the net realizable value of the 70 units of unsold inventory to be $400. 3-a. Determine the amount of ending inventory to report using lower of cost and net realizable value under FIFO. 3.b. Recotd any necessary adjusting entry under FIFO. Complete this question by entering your answers in the tabs below. Because of the increasijg popularity of electronic video games, Waiker Games continues to see a decline in the demand for board games. Sales prices have decreased by over 50% during the year. At the end of the year, Walker estimates the net realizabie value of the 70 units of unsold inventocy to be \$400. Determine the amount of ending inventory to repert using lower of cost and net realizable value under FIFO. Because of the increasing popularity of electronic video games, Walker Games continues to see a decline in the demand for board games. Saies prices have decreased by over 50% during the year. At the end of the year, Walker estimates the net realizable value of the. 70 units of unsold inventory to be \$400. Record any necessary adjusting entry under FiFO. (If no entry is required for a trensection/event, select "No Journal Entry Required" in the first actount field d Journal entry worksheet Record any necessary adjusting entry. Trute Enterifotiti beinere oredat Required information Problem 6.5A (A|go) Calculate ending inventory and cost of goods sold using FIFO and LIFO and adjust inventory using lower of cost and net realizable value (LO63,66) [The following information applies to the questionis displayed below] Fo the current yeac, Waiker Games thas the following inventory transactions related to its traditional board games. Walker Gaimes uses a periodic inventory system. Problem 6.5A (Algo) Part 3 Because of the increasing popalarity of electronic video games. Walker Games continues to see a decine in the demand for board gomes. Sales prices have decreased by over 50% during the year. At the ond of the yeac. Wakker estimates the net realizable yalue of the 70 unats of unsold inventory to be $400. 3.a. Determine the amount of ending invertory to regort using lower of cost and net reolitable value under FiFO. 3.b. Record any necessary adjusting entry under FiFO. Complete this question by entering your anwwers in the tabs below. Because of the increasing popularity of electronic video games, Wolker Games continues to see a decline in the demand for board. qames. Sales prices have decreased by over 50% during the year. At the end of the year, Walker estimates the net realizable value of the 70 units of unsold inventory to be $400. 3-a. Determine the amount of ending inventory to report using lower of cost and net realizable value under FIFO. 3.b. Recotd any necessary adjusting entry under FIFO. Complete this question by entering your answers in the tabs below. Because of the increasijg popularity of electronic video games, Waiker Games continues to see a decline in the demand for board games. Sales prices have decreased by over 50% during the year. At the end of the year, Walker estimates the net realizabie value of the 70 units of unsold inventocy to be \$400. Determine the amount of ending inventory to repert using lower of cost and net realizable value under FIFO. Because of the increasing popularity of electronic video games, Walker Games continues to see a decline in the demand for board games. Saies prices have decreased by over 50% during the year. At the end of the year, Walker estimates the net realizable value of the. 70 units of unsold inventory to be \$400. Record any necessary adjusting entry under FiFO. (If no entry is required for a trensection/event, select "No Journal Entry Required" in the first actount field d Journal entry worksheet Record any necessary adjusting entry. Trute Enterifotiti beinere oredat