Question: 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

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.)

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