Question: The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp.: Per Unit

The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp.: Per Unit Quantity Cost NRV 23 28 26 Inventory classification Keyboards Stock A Stock B Stock C Hard drives Stock X Stock Y CD burners Stock D Stock E $ 99 $ 73 96 75 117 141 36 62 208 190 184 222 94 217 97 100 73 129 Prepare the entry to record the writedown, if any, to reduce ending inventory lower of cost or NRV. Assume periodic inventory and the allowance method. no entry is required for a transaction/event, select "No journal entry quired in the first account field.) View transaction list Journal entry worksheet
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