Know cost of ending inventory = 53,880

Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Exercise 6-13A Part 2 2. Calculate ending inventory using the lower of cost and net realizable value. Answer is complete but not entirely correct. Home Furnishings reports inventory using the lower of cost and net realizable value (NRV), Below is information related to its year-end inventory. Exercise 6-13A Part 3 3. Record any necessary adjustment to inventory. (If no entry is required for a transaction/event, select "No Journal Entry Required" n the first account field.)