Required information Exercise 6-14A Calculate inventory using lower of cost and net realizable value (LO6-6) The following information opplies to the questions displayed below] A compony like Golf USA that selis golf-related inventory typically will have inventory items such as goif clothing and golf equipment As technology advances the design and performance of the next generation of divers, the oider models become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of goif clubs) introduces the MegaDiver II, the new ond improved version of the MegaDriver Below are year-end omounts related to Golf USA's inventory 2. Calculate ending inventory using the lower of cost and net realizable value