Saved ework (Algo) 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 Items Quantity Unit Cost Unit NRV Hammere 120 $ 6.30 $ 6.80 40 9.30 8.30 Screwdrivers 120 1.30 1.90 Drills 30 24.30 20.60 1-gallon paint cans 150 4.80 4.30 Paintbrushes 170 5.30 5.80 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 transac select "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet Record the adjustment for inventory. 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 select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the adjustment for inventory. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal 5