Required information Problem 6-4A Report inventory using lower of cost and net realizable value (LO6-6) (The following information applies to the questions displayed below.] A local Chevrolet dealership carries the following types of vehicles: Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Quantity 2 5 1 6 2 7 Unit Cost $21,500 16,900 11,900 15,900 31,500 27,800 Unit NRV $19,500 15,900 13,900 18,900 34,500 22,500 Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks. Problem 6-4A Part 3 3. Prepare necessary entry to write down inventory from cost to net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet