The inventories of the Berry Company for the years 2010 and 2011 are as follows:
![1860_268-B-A-V-I (905).png](https://secure.tutorsglobe.com/CMSImages/1860_268-B-A-V-I (905).png)
Required:
Prepare the necessary journal entries at the end of each year to record the correct inventory valuation. Use the allowance method and assume that a periodic inventory system isused.