Riverbed Furniture Shop Inc. uses the lower of cost and net realizable value basis (LCNRV) for reporting its inventory. The following data are available at December 31. Units Cost/Unit Net Realizable Value Tables Large 22 $ 273 $ 271 Small 17 145 147 Chairs Plastic 41 45 44 Wooden 39 19 28 (a) Your answer is incorrect. What amount should be reported on Riverbed Furniture Shop's financial statements, after the lower of cost and net realizable fa) Your answer is incorrect What amount should be reported on Riverbed Furniture Shop's financial statements, after the lower of cost and net realizable value rule is applied to individual inventory items? LCNRV Tables: Large $ Small Chairs Plastic Wooden Total $