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Given Information:

A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are amounts related to Golf USAs inventory at the end of the year.

Inventory	Quantity	Cost	NRV
Shirts	25	$ 50	$ 60
MegaDriver	5	260	200
MegaDriver II	20	300	320

Required:

[The following information applies to the questions displayed below) A company like Golf USA that sells golf-related inventory typically will have inventory items such Suppose that in the current year, Ping (a manufacturer of golf clubs) introduces the MegaDriver i, Inventory Quantity Cost NRV Shirts MegaDriver MegaDriver Il $ 50 260 300 $ 60 200 320 20