Scott's Sporting Stores Inc. reported the following cost and net realizable value information for inventory at December 31: Product Item Units Unit Cost Unit NRV Skates: Bauer 14 $ 262 $ 404 11 $ 433 $ 374 Running shoes: Adidas 5 $ 118 $ 118 Nike 8 $ 117 $ 111 Calculate the ending inventory balance for skates and running shoes using the lower of cost and net realizable value for each item. $ Ending inventory balance e Textbook and Media Calculate the ending inventory balance for skates and running shoes using the historical unit costs provided. $ Ending inventory balance e Textbook and Media Compare the difference in the ending inventory amounts. Which amount provides a more faithful representation of the inventory value? The method provides a more faithful representation of the inventory value