Chapter Six Brief Exercises (i) Saved Help Save & Exit Submit Check my work 10 1 points eftook Print References: Powder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end Inventory. Unit Unit Inventory Quantity Cost NRV Ski jackets 20 $116 $98 Skis 25 301 351 Record any necessary adjusting entry for the lower of cost and net realizable value. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record any necessary adjusting entry for the lower of cost and net realizable value. Note: Enter debits before cred ts, Transaction General