Take me to the text Outdoor Company uses the perpetual inventory system and its inventory consists of four products as at September 30, 2022. Selec Required a) Calculate the inventory value that should be reported on September 30, 2022, using the LCNRV applied on an individual item ba Do not enter dollar signs or commas in the input boxes. Product Number of Units Cost (per unit) NRV (per unit) LCNRV (per unit) 1 25 $87 $119 $87 $94 $72 $72 $76 $47 $47 $104 $165 $104 2 3 5 35 4 35 Inventory Value Total Date 2022 Sep 30 $8945 LCNRV Inventory Value =$7820 b) Using the results from part a), prepare the journal entry to adjust inventory to LCNRV. Account Title and Explanation Debit Credit Check Cost of Goods Sold Merchandise Inventory Adjust inventory to LCNRV 10755 795 x

Take me to the text Outdoor Company uses the perpetual inventory system and its inventory consists of four products as at September 30, 2022. Sel Required a) Calculate the inventory value that should be reported on September 30, 2022, using the LCNRV applied on an individual item Do not enter dollar signs or commas in the input boxes. LCNRV Inventory Value =$ b) Using the results from part a), prepare the journal entry to adjust inventory to LCNRV