Question 5 Incorrect Mark 0.00 out of 20.00 Flag question Edit question Determining Lower of Cost or Net Realizable Value (NRV) The following data refer to Froning Company's ending inventory. Item Code Quantity Unit Cost Unit NRV LXC 50 $45 $48 KWT 210 38 34 MOR 300 22 20 NES 200 27 32 Determine the ending inventory amount by applying the lower of cost or net realizable value rule to: (a) each item of inventory $ 18,090 (b) the total inventory. $ 18,740