on april 1, a company purchased two units of inventory, a and b. the cost of unit a was $645, and the cost of unit b was $590. on april 30, the company had not sold the inventory. the net realizable value of unit a was now $655 while the net realizable value of unit b was $505. the adjusting entry associated with the lower of cost and net realizable value on april 30 will be: eventaccount titledebitcredit1.cost of goods sold75 1.inventory 752.inventory75 2.cost of goods sold 753.cost of goods sold85 3.inventory 854.inventory85 4.cost of goods sold 85