Das i wiers knowledge of increasing inventory costs? 12B Lower of cost and net realizable value LO4 Problem 6-12B Low DECK FIGURES: *FIGURES: 10. $502,546; 1b. $579.744 ine information pertains to the physical inventory of Geo Furniture Company taken at The following informati December 31: schedule reported Per Unit Units on Hand Cost NRV 430 $261 290 227 $305 256 585 320 Product Office furniture: Desks Credenzas Chairs. Bookshelves... Filing cabinets Two-drawer Four-drawer.. Lateral... Office equipment: Fax machines Copiers Typewriters.... ed from 544 355 Required 1. Calculate the LCNRV for the: 2. Inventory by major category B. Inventory, applied separately to each product. - Prepare the appropriate entry, if any, for (a) and (b)