Exercise 6-14 Calculate inventory using lower of cost and net realizable value (LO6-6) The following information applies to the questions displayed below. uch as goif clathing an the curent yeasopine year 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 MegaDriverII, the new and improved version of the MegaDriver. Below are amounts related to Golf USA's inventory at the end of the year. Quantity NRV Inventory Shirts MegaDriver MegaDriver lI Cost 35 15 30 $60 360 350 $70 250 420