Required information [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 golf 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 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. Unit Cont Inventory Shirts MegaDriver Megadriver 11 Quantity 37 17 32 380 360 Unit NRV $ 72 260 440 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments Cost of ending invertory (before adjustment) D Required information (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 golf 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 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. tinit cont Inventory Shirts MegaDriver MegaDriver 11 Quantity 37 17 32 Unit NRV 5 72 440 380 260 360 2. Calculate ending Inventory using the lower of cost and net realizable value. Quantity Lower of Cost and NRV Ending Inventory Inventory Shirts MegaDriver Mega Driver $