The following information pertains to the physical inventory of Electronics Unlimited taken at December 31:

		Per Unit
Product	Units on Hand	Cost			NRV
Audio equipment:
Wireless audio receivers	332	$	199		$	188
Touchscreen MP3 players	247		203			223
Audio mixers	313		193			177
Audio stands	191		85			103
Video equipment:
Televisions	467		253			298
5GB video cards	278		171			183
Satellite video recorders	199		613			618
Car equipment:
GPS navigators	172		171			145
Double-DIN Car Deck with iPod/iPhone Control and Aux Input	157		213			198

2. Prepare the appropriate entry, if any, for 1(a) and 1(b).

Journal entry worksheet

Record the entry to write inventory down to LCNRV(major group).

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31

Record the entry to write inventory down to LCNRV(separately to each product).

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31