Question: Given the following inventory information, prepare the journal entry ( if needed ) to adjust the inventory for LCNRV if the loss method is used.

Given the following inventory information, prepare the journal entry

(

if needed

)

to adjust the inventory for LCNRV if the loss method is used.

(

List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select

"

No Entry" for the account titles and enter

0

for the amounts.

)

Account Titles and Explanation

Debit

Credit

Given the following inventory information,

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