Accounting, net realizable value?

Question

Please teah me how I can record these.

The damaged merchandise costing $1,000 can be sold for only $800, and direct selling expenses are $150. Value of inventory is $650( 800-150).

Dr cost of goods sold 200
Cr Inventory 200

If the item is sold,
Dr cash 800
Cr sales 800

Dr Cost of goods sold 650
Cr Inventroy 650

Dr expense 150
Cr cash 150

Answer 1

Cost of goods is $1,000. They can be sold for $800 but selling expenses of $150 must be incurred. So the NRV is $650. Hence the lower of C or M is $650 cos that's lower than $1,000. The write-down is $350.
Dr Expenses (e.g. Stocks write-down) $350
Cr Merchandise inventory $350

When the goods are sold for $800, you'd
Dr Cash or A/cs receivable $800
Cr Sales $800

Dr Selling expenses $150
Cr Cash $150

Dr COGS $650
Cr Merchandise inventory $650