2. Assume that payment to Readers is made on May 24 instead of May 10. Record this payment. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end Inventory Inventory Purniture Electronics Quantity 260 56 Unit Cost $ 91 Unit NRV $106 330 460 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments. Cost of ending Inventory (before adjustment)