Top Fuel Auto Parts, Inc., had the following FIFO perpetual inventory record for one of its inventory items at November 30, the end of the fiscal year. Purchases Cost of goods sold Inventory on hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Nov 1 150 $6.00 $900.00 Nov 3 140 $6.05 $847.00 150 $6.00 $900.00 140 $6.05 $847.00 Nov 7 130 $6.00 $780.00 20 $6.00 $120.00 140 $6.05 $847.00 Nov 13 90 $6.15 $553.50 20 $6.00 $120.00 140 $6.05 $847.00 90 $6.15 $553.50 Nov 18 20 $6.00 $120.00 55 $6.05 $332.75 85 $6.05 $514.25 90 $6.15 $553.50 Nov 25 55 $6.05 $332.75 60 $6.15 $369.00 30 $6.15 $184.50 Nov 30 230 $1,400.50 350 $2,116.00 30 $184.50 1. Journalize the adjusting entry for inventory, if any is required. 2. What could have caused the value of the ending inventory based on the physical count to be lower than the amount based on the perpetual inventory record