Question: Prepare any journal entry required to record the LCNRV, assuming that Grouper uses a perpetual imventory system. (List debit entry before credit entry. Credit account


Prepare any journal entry required to record the LCNRV, assuming that Grouper uses a perpetual imventory system. (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 Ofor the amounts.) Calculate Grouper's inventory at the lower of cost and net realizable value. Inventory at the lower of cost and net realizable value Grouper Corporation sells cocoa beans, which are sensitive to price fluctuations. The following imventory information is available for this product at June 30.2024
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