Required Informetlon The following Information applies to the questions displayed below A local Chevrolet dealership carries the following types of vehicles Unit Unit Inventory Items Quantity Cost NRV $16,880 15, 288 Vans $18,808 Trucks 16, 288 11, 280 2-door sedans 13,280 18,280 31,888 4-door sedans 15, 280 28,800 26,480 Sports cars SUVs 19,800 Because of recent Increases In gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks. 2. Determine whether each Inventory Item would be reported at cost or net realizable value (NRV). Enter the Cost per Unit for the "Lower of Cost and net realizable value" and then multiply the quantity of each Inventory Item by the appropriate cost or NRV amount and enter It In the Total column. Lower of Cost nventory ItemsCost or NRV and NRV per unit Total Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Total 3. Prepare necessary entry to write down Inventory from cost to net realizable value. (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 Debit Transaction General Journal Credit Record entry Clear entry View general journal