Required information 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 Furniture Electronics Quantity 250 55 Unit Cost $ 90 450 Unit NRV $105 325 Required: 1. Calculate the total recorded cost of ending Inventory before any adjustments Cost of ending inventory (before adjustment) Required information [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 Furniture Electronics Quantity 250 55 Unit Cost $90 450 Unit NRV $105 325 2. Calculate ending inventory using the lower of cost and net realizable value. Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Furniture Electronics