Required information [The following information applies to the questions displayed below.] For the current year, Platoon Games has the following inventory transactions related to its traditional board games. Platoon Games uses a periodic inventory system. Transactions Date January 1 March 12 September 17 Beginning inventory Purchase Purchase January 1 to December 31 Sales Unite 104 Unit Cost $20 Total Cost $2,080 78 15 1,170 48 B 384 230 $3,634 158 Because of the increasing popularity of electronic video games, Platoon 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, Platoon estimates the net realizable value of the 72 units of unsold inventory to be $380. 3-a. Determine the amount of ending inventory to report using lower of cost and net realizable value under FIFO. 3-b. Record any necessary adjusting entry under FIFO. Complete this question by entering your answers in the tabs below. Req 3A Req 38 Because of the increasing popularity of electronic video games, Platoon 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, Platoon estimates the net realizable value of the 72 units of unsold inventory to be $380. Determine the amount of ending inventory to report using lower of cost and net realizable value under FIFO. Ending inventory Lower of Cost and NRV Show less a