Shelfield Company began cperations in 2024 and determined its ending ioveritory at cost and at lower ol-4.FD cott-ar marher at Deceinter 31,2024 , and December 31, 2025. This intormation is presented below. and enter Ofor the amounts. Recond foumal entries in the ordor areid Ked in ithe groblent. (b) Prepare journal entriess required at December 31, 2024, and December 31, 2025, wsumine that the invontary fs reeorited at omounts. Record journd entriet in the order preiented in the problomid (c) Wich er the two methodv aboyt fonowldes the tieher oet income ive cith year