Required information [The following information applies to the questions dispiayed below.] A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing ond golf equipment. As technology advances the design and performance of the next generation of drivers, the older models become less morketable and therefore decline in volue. 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 year-end amounts related to Golf USA's inventory. Required: 1. Calculate the total recorded cost of ending inventory before any adjustments. [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 drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year. Ping (a manufacturer of goif clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA's inventory. 2. Calculate ending inventory using the lower of cost and net realizabie value: Journal entry worksheet Record any necessary adjusting entry for inventory. Note: Enter debits before credits