Question: Determine the Correct Inventory Balance base on the data below: Cost NRV Light Roast 100,000 125,000 Medium Roast 150,000 145,000 Dark Roast 150,000 160,000 Premium

Determine the Correct Inventory Balance base on the data below:
Cost NRV
Light Roast 100,000 125,000
Medium Roast 150,000 145,000
Dark Roast 150,000 160,000
Premium Roast 50,000 35,000
Total 450,000 465,000
Provide the adjusting Journal Entry if necessary

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