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7 Required information (The following information applies to the questions displayed below) Part 2 of 2 3 points Home Furnishings reports inventory using the lower

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7 Required information (The following information applies to the questions displayed below) Part 2 of 2 3 points Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory Inventory Furniture Electronics Quantity 290 59 Unit Cost $94 490 cBook Unit NRV S100 345 Hie References 2. Calculate ending inventory using the lower of cost and net realizable value. Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Furniture Electronics

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