Knowledge Check 01 Tune Store reports inventory using the lower of cost and net realizable value (NRV). Information related to its year-end inventory appears below InventoryQuantity Model A 100 Model B 56 Model C 20 Unit cost $100 50 200 Unit NRV $120 40 210 Calculate the amount to be reported for ending inventory of Model A 43 45 44 46 of 51 ME Required information Multiple Choice $10,000 $11,000 O $12.000 46 43 Next > of 51 44 45