part 1

part 2

Check my work Required information [The following information applies to the questions displayed below) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV), Below is information related to its year-end inventory. Inventory Purniture Electronics Quantity 300 60 Unit Cast $ 95 500 Unit NRV $110 350 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments. Cost of ending inventory (before adjustment) Check my w ! Required information [The following information applies to the questions displayed below) 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 Cont Unit NRV Furniture 300 $95 Electronics 60 500 350 $110 2. Calculate ending inventory using the lower of cost and not realizable value Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Furniture Electronics