[The following information applies to the questions displayed below.) A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA's inventory. Inventory Shirts MegaDriver MegaDriver II Quantity 25 5 20 Unit Cost $ 50 260 300 Unit NRV $ 60 200 320 Record any necessary adjustment to inventory. (If no entry is required for a transaction/event, select "No Journal try Required" in the first account field.) View transaction list Journal entry worksheet