Revise your calculations based on the new information provided below and then answer the questions that follow.

Inventory Number of Units Unit Cost Unit NRV Item A 5,600 $41 $37 Item B 4,900 58 68 Item C 3,300 63 60 Item D 3,500 36 34 Required: Based on the new information, prepare the journal entry required: Change the Unit Cost for Item A to $30 and prepare the journal entry required:

Revise your calculations based on the new information provided below and then answer the questions that follow. Required: 1. Based on the new information, prepare the journal entry required: 2. Change the Unit Cost for Item A to $30 and prepare the journal entry required