Question 11 of 12 -/5 Scott's Sporting Stores Inc. reported the following cost and net realizable value information for inventory at December 31 Units Unit Cost Unit NRV Product item Skates: Bauer 14 $252 $388 10 $423 $358 Running shoes Adidas 5 $118 $118 Nike 9 $118 $111 Calculate the ending inventory balance for skates and running shoes using the lower of cost and net realizable value for each item $ Ending inventory balance Calculate the ending inventory balance for skates and running shoes using the historical unit costs provided. Ending inventory balance e Textbook and Media Compare the difference in the ending inventory amounts. Which amount provides a more faithful representation of the Inventory value? method provides a more faithtul representation of the inventory value. Tho historical unit costs lower of cost and net realizable value e Textbook and Media