Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory.

Inventory	Quantity	Unit Cost			Unit NRV
Furniture	150	$	80		$	95
Electronics	45		350			275

A) Calculate the total recorded cost of ending inventory before any adjustments.

B) Calculate ending inventory using the lower of cost and net realizable value.

C) Record any necessary adjustment to inventory.