Current Attempt in Progress Cullumber Information Technology Company has the following cost and net realizable value data at December 31,2024 : (a) Calculate the lower of cost and net realizable value valuation assuming Cullumber Information Technology Compary applies LCNRV to individual products. Lower of cost and net realizable value What adjustment should the company record if it uses a perpetual inventory system? (Credit account titles ore automatically indented when the amount is entered. Do not indent manually, if no entry is required, select "No Entry" for the account tities and enter O for the amounts List debit entry before credit entry