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Journal entry worksheet

$1$

Record any necessary year$-$end adjusting entry assuming that inventory writedowns are common for Forest Company.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,=]]$

Forest Company has five products in its inventory. Information about ending inventory follows.

$\backslash$table$[[,,,$Unit Replacement,Unit Selling$],[$Product$,$Quantity,Unit Cost,Cost,Price$],[$A$,900,$$$11,$$$13,$$$17$