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 12 $257 $400 CCM 10 $424 $366 Running shoes: Adidas 5 $120 $120 Nike 7 $114 $107 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 valu