Required informetion Exercise 6-14 (Algo) Calculate inventory using lower of cost and net realizoble value (LO6-6) [The following information applies to the questions disployed below.] A company like Golf USA that sells goif.related inventory typically will have inventory items such os golf clothing and golf equ parent. As technology advances the design and performance of the next generation af 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 ore yearend amounts related to Golf USA inventory. Exercise 6-14 (Algo) Part 1 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments