Required information [The following information applies to the questions displayed below.] A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA's inventory. Inventory Shirts Quantity Unit Cost Unit NRV 29 $60 $64 MegaDriver 14 300 200 MegaDriver II 24 330 360 Record any necessary adjusting entry to inventory. (If no entry is required for a transaction/event, select "No Journal Entry quired" in the first account field.) View transaction list