Basic inventory data for Grau Company as of June 30 are presented below: Item Sporting Goods: Baseballs Footballs Basketballs Electronics: CD Players DVD Players Quantity Unit Cost 20 40 10 20 30 $72 $220 $80 $328 $232 Unit NRV $ 64 $232 $100 $300 $220 Assume Grau Company applies the lower-of-cost-or-net realizable value method for the inventory by major category. Determine the amount of inventory adjustment required at the end of the year.

Basic inventory data for Grau Company as of June 30 are presented below: Assume Grau Company applies the lower-of-cost-or-net realizable value method for the inventory by major category Determine the amount of inventory adjustment required at the end of the year