7 ! Part 2 of 3 0.12 points Required information Exercise 6-14 (Algo) Calculate inventory using lower of cost and net realizable value (LO6-6) [The following information applies to the questions displayed below.] A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA's inventory. eBook Inventory Shirts Quantity Unit Cost Unit NRV 41 $60 $76 + MegaDriver 21 420 350 Hint MegaDriver II 36 440 480 Print References Exercise 6-14 (Algo) Part 2 2. Calculate ending inventory using the lower of cost and net realizable value. Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Shirts 41 MegaDriver 21 MegaDriver II 36