very urgent

On April 30, 2020, Sam's Shovel Shop is determining the lower of cost and net realizable value of its inventory. Required: a. In the table below, determine the lower of cost and net realizable value of the ending inventory assuming Sam's Shovel Shop applies LCNRV on individual items. b. Prepare the journal entry required, if any, to record the adjustment from cost to the lower of cost and net realizable value. Paragraph B TUA bH + Part a. Do Product Total Cost Total NRV LCNRV $330 Shovel Scoop $418 $720 $690 Total $1,050 Part b. GENERAL JOURNAL ACCOUNT TITLES AND EXPLANATION DEBIT DATE CREDIT