Question: pls answer Bramble Inc, uses a perpetual inventory system. At January 1, 2020, inventory was $216,170,800 at both cost and realizable value. At December 31,

pls answer

Bramble Inc, uses a perpetual inventory system. At January 1, 2020, inventory was $216,170,800 at both cost and realizable value. At December 31, 2020, the inventory was $283,039,400 at cost and $266,629,700 at realizable value. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter o for the amounts.) Debit Credit No. Account Titles and Explanation (a) (b)

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