Required Informatlon The following information applies to the questions displayed below. A company reports inventory using the lower of cost and net realizable value (NRVI. Below is information related to its year-end inventory. QuantityUnit Cost Unit NRV $ 93 488 vento Furniture Electronics 280 58 $188 348 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments. of ending inventory (before adjustment) Requlred Informatlon [The following information applies to the questions displayed below. A company reports inventory using the lower of cost and net realizable value (NRV. Below is information related to its year-end inventory. QuantityUnit Cost Unit NRV 93 488 Furniture $188 348 288 Electronics 58 2. Calculate ending inventory using the lower of cost and net realizable value. of Cost Ending Quantity and NRV per Inventory Inventory unit Electronics 3. Record any necessary adjustment to inventory. (If no entry Is required for atransactlon/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the adjustment for inventory. te: Enter debits before credits. General Journal Transaction Debit Credit Clear entry Record entry View general journal