Required information Problem 6-4B Report inventory using lower of cost and net realizable value (L06-6) The following information applies to the questions displayed below] A home improvement store, like Lowe's, carries the following items Inventory tres Hours Sans Screwdrivers Drills 1-Ballon paint cans Paintbrushes Quantity 100 se 130 40 160 180 Unit Cost $7.90 10.90 2.90 25.90 6.40 6.90 Unit NRV $ 8.40 9.90 3.50 23.30 5.90 7.40 Problem 6-4B Part 2 2. Determine whether each inventory item would be reported at cost or net realizable value, and then place that unit amount in the Lower of Cost and NRV per unit column Multiply the quantity of each inventory item by the appropriate cost or NRV unit amount and place the total in the total column (Round "Cost per Unit" to 2 decimal places.) ventory LO CON Castor NV, and NRV Det Total MI Hanne Sa Saw Delhi 1-rinta Penuh Tui Problem 6-4B 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.) 18 View transaction list Journal entry worksheet 1 Record the adjustment for inventory Not Emer det before credits Transaction General Journal Dabk Record Clear entry View general Journal