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Problem 6-5A (Algo) Calculate ending inventory and cost of goods sold using FIFO and LIFO and adjust inventory using lower of cost and net realizable value (LO63,66) [The following information applies to the questions displayed below.] For the current year. Platoon Games has the following inventory transactions related to its traditional board games. Platoon Games uses a perlodic inventory system. Problem 6-5A (Algo) Part 3 Because of the increasing popularity of electronic video games, Platoon Games continues to see a decine in the demand for board games. Sales prices have decreased by over 50% during the year. At the end of the year. Platoon estimates the net realizable value of the 76 units of unsold inventory to be $420. 3-a. Determine the amount of ending inventory to report using lower of cost and net realizable value under FIFO. 3-b. Record any necessary adjusting entry under FIFO. Complete this question by entering your answers in the tabs below. Because of the increasing popularity of electronic video games. Platoon Games continues to see a decline in the demand for board games. Sales prices have decreased by over 50% during the year. At the end of the year. Platoon estimates the net realizable value of the 76 units of unsold inventory to be $420. 3-0. Determine the amount of ending inventory to report using lower of cost and net realizable value under FIFO. 3-b. Record any necessary adjusting entry under FIFO. Complete this question by entering your answers in the tabs below. Because of the increasing popularity of electronic video games, Platoon Games continues to see a decline in the demand for board games. Sales prices have decreased by over 504 during the year. At the end of the year, Platoon estimates the net realizable value of the 76 units of unsold inventory to be $420. Determine the amount of ending inventory to report using lower of cost and net realizable value under FIFO. Because of the increasing popularity of electronic video games, Flatoon Games continues to see a decine in the demand tor boara games, Sales prices have decreased by over 50% during the year. At the end of the year, Platoon estimates the net realizable value of the 76 units of unsold inventory to be $420. Record any necessary adjusting entry under FlFo. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet