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

1. Calculate the total amount to be reported for ending inventory.

Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Optima cameras Inspire speakers Quantity 120 30 Unit Cost $81 51 NRV $51 61 Calculate the total amount to be reported for ending inventory. Quantity Lower of Cost and NRV per unit Ending Inventory Inventory Optima camera Inspire speakers