The company$$s Inventory balance $($historical cost$)$is $$318,765,$determined under the LIFO method. The company considers the need for an inventory write$-$down. It applies the write$-$down procedure to the inventory as a whole. Information concerning the company$$s December $31,2022$inventory follows:

Net realizable value $302,516$

Normal profit margin $29,797$ Need help figuring out the journal entry amounts

Replacement cost $363,740$