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Required information [The following information applies to the questions displayed below) Great Sounds Company sells various electronics including computers and televisions. The company reports inventory

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Required information [The following information applies to the questions displayed below) Great Sounds Company sells various electronics including computers and televisions. The company reports inventory using the lower of cost and net realizable value (NRV). Data related to its year-end inventory follows. Inventory Quantity Unit Cost Unit NRV Televisions 150 $ 80 $95 Computers 275 350 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments Cost of ending inventory before adjustment) 1 2012 Required information [The following information apolles to the questions displayed below) Great Sounds company sells various electronics including computers and televisions. The company reports inventory using the lower of cost and net realizable value (NRV). Data related to its year-end Inventory follows. Tnventory Quantity Unit coat Unit NV Televisione $ 80 995 Computers 45 225 20126.52 150 350 BOOK Hint 2. Calculate ending inventory using the lower of cost and net realizaple value. Print Waferences Inventory Quantity Lower of Cost and NRV per Ending Inventory Televisions Computer

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