Take me to the text Field Company uses the perpetual inventory system and its inventory consists of four products as at April 30, 2018. Selected information is provided below. Required a) Calculate the inventory value that should be reported on April 30, 2018, using the LCNRV applied on an individual item basis De not enter dollatsions or commas in the ingut boxes. Product Number of Units Cost (per unit) NRV (per unit) LCNRV (Individual) 1 15 $94 $112 $ 2 40 $82 $75 $ 30 $74 $42 $ 4 5 $105 $177 $ inventory Value Total LCNRV Inventory Values b) Using the results from part a), prepare the journal entry to adjust inventory to LCNRV. Account Title and Explanation Debit Credit 2018 Date Apr 30 Adjust inventory to LCNRV Check