Required information Exercise 6-14 (Algo) Calculate inventory using lower of cost and net realizable value (LO6.6) [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 as golf clothing and go equipment. As technology advances the design and performance of the next generation of drvers, 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 yearend amounts related to Golf USA's inventory. Exercise 614 (Algo) Part 2 2. Caiculate ending iriventory using the lower of cost and net realizable value