The controller of Lawn-Man Company is applying the lower of cost and net realizable value of valuing ending inventory. The following information is available: 
Instructions
a. Prepare a schedule which shows the value of the inventory by applying the lower of cost and net realizable value to each item in inventory.
b. Prepare the journal entry to record any inventory write down required.
Definitions:
Faith In Progress
The belief in ongoing, generally positive social, technological, and economic development and improvement over time.
William Harper
Assuming the subject refers to a notable individual, there have been several including political figures, and legal scholars; more context is needed for a precise definition.
Proslavery Writers
Individuals who produced literature supporting and justifying the institution of slavery in the United States, arguing for its economic and moral benefits.
Antislavery Sermons
Speeches or religious discourses given primarily in the 18th and 19th centuries that condemned slavery and advocated for its abolition.
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