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 100 40 Unit Cost $ 75 Unit NRV $ 90 250 300 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 100 40 Unit Cost $ 75 300 Unit NRV $ 90 250 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 s 0 Required information Journal entry worksheet