Required information Problem 6-4B Report inventory using lower of cost and net realizable value (LO6-6) [The following information applies to the questions displayed below.] A home improvement store. like lowe's, carries the following items: 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 tronsaction/event, select "No Journal Entry Required" in the first account field.)