Inventory records for Parts Plus : a. Using the below table determine the lower of cost and net realizable value of the ending inventory Plus. (4 marks) for Parts b. Prepare journal entry required, if any, to record the adjustment from cost to net realizable value.(2 marks) Item X123 Y135 Z246 B258 Paragraph Units 220 250 350 175 B I U Cost per unit $6.00 $3.00 $3.1 $2.2 NRV per unit $4.50 $2.7 $4.00 $2.6 + Inventory records for Parts Plus : a. Using the below table determine the lower of cost and net realizable value of the ending inventory Parts Plus. (4 marks) for Item Units Cost per unit Total Cost NRV per unit Total NRV LCNRV X123 220 $6.00 Y135 250 $3.00 $4.50 $2.7 Z246 350 $3.1 $4.00 B258 175 $2.2 $2.6 b. Prepare journal entry required, if any, to record the adjustment from cost to net realizable value. (2 marks) Debit Credit