Required information Skip to question [The following information applies to the questions displayed below.] Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Quantity Unit Cost Unit NRV Furniture 290 $ 94 $ 109 Electronics 59 490 345 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments.