You have been provided with the following information regarding Novak Paper Ltd.'s inventory for June, July, and August. Paper Inventory (in tonnes) Cost/Tonne NRV/Tonne June 30 14,660 $710 $773 July 31 15,330 773 736 August 31 14,160 736 710 (a) Calculate the cost and net realizable value of Novak Paper's paper inventory at (1) June 30, (2) July 31, and (3) August 31. June 30 July 31 August 31 Cost NRV Prepare any journal entry necessary to record the LCNRV of the paper inventory at (1) June 30, (2) July 31, and (3) August 31. Assume that Monty Paper uses a perpetual inventory system and that the company sells any inventory on hand at the end of one month by the end of the next month. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation June 30 Debit Credit July 31 August 31