A Company's Ending Inventory Is $450,000 Using the Perpetual FIFO $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

A company's ending inventory is $450,000 using the perpetual FIFO inventory costing method.Replacement cost for the ending inventory is $420,000.Prepare the journal entry to adjust inventory.
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$