70% ... Question 3 View Policies Current Attempt in Progress Blossom Company uses a perpetual inventory system and the FIFO cost form are available at Blossom Company's year and December 31 for valuing inventory The company is now in the procent of comparing the cost of its mentory with its metreka e The Units Net Rentable Value per Une Unit Cost Clothing Jewellery BN 88 Greeting cards Stuffed toys Determine the lower of cost and net realizable valus of the ending inventory assuming Blossom Company applies LCNRV en individuales Lower of cost and net realizable value eTextbook and Media List of Accounts the same artered Demet edene a ek Prepare the journal entry required, if any, to record the adjustment from Cottontreal required select "No Entry for the account titles and enter for the eTextbook and Media List of Accounts r a n Prepare the journal entry required, Wany, to record the adjustment from cost to net realizable value. (Onda required select "No Entry for the titles and terror the Account Titles and Explanation Debit Credit To write down inventory to lower net realizable) eTextbook and Media List of Accounts