Brief Exercise 6-14 Calculate ending inventory using lower-of-cost-or-market (LO6) Powder Ski Shop reports inventory using lower-of-cost-or-market. Belov related to its year-end inventory. InventoryQuantity Skijackets Skis 15 10 Cost $98 380 Market $ 118 330 Calculate the amount to be reported for ending inventory. Answer is complete but not entirely correct. Inventory Ending Inventory Lower of Quantity Cost or Market 10$ 98 15 380 $ Ski jackets Skis 980 5,700 6,680