Scott's Sporting Stores Inc. reported the following cost and net realizable value information for inventory at December 31:

Item	Units	Unit Cost	Unit NRV
Skates:
Bauer	13	$259	$400
CCM	10	$412	$350
Running shoes:
Adidas	5	$120	$120
Nike	8	$117	$110

Required

a.

Calculate the ending inventory balance for skates and running shoes using the lower of cost and net realizable value for each item.

b.

Calculate the ending inventory balance for skates and running shoes using the historical unit costs provided.

c.

Compare the difference in the ending inventory amounts. Which amount provides a more faithful representation of the inventory value?