Problem V: (6 pts) Frazier Corp. has the following normal account bal- ances at 12/31/19 before the year-end determination of its inventory cost using the dollar-value LIFO (DVL) method: - Inventory (at FIFO costs) - Allowance to Reduce Inventory to LIFO $ 600,000 40,000 At the end of 2019, Frazier computes the cost of its ending inventory us- ing the DVL method to be $530,000. (Continued on next page) Required: In the journal below, prepare the year-end entry to adjust the inventory account to its cost using the dollar-value-LIFO method. Debit Credit 12/31/19 Accounting Check Set up the t-accounts for the initial account balances at 12/31/19 (before the adjustment). Post your entry. Does the difference between the Inventory and Allowance account balances equal the cost of inventory using the DVL method? If it does not, check your calculations and/or entry