Scott's Sporting Stores Inc reported the following cost and net realizable value information for inventory at December 31 Units Unit Cost Unit NRV Product Item Skates: Bauer CCM Running shoes: Adidas Nike 14 11 $265 5411 $406 $343 $117 5 9 $117 $116 $109 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 Calculate the ending inventory balance for skates and running shoes using the historical unit costs provided. Ending inventory balance eTextbook 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. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Ansy ORI E (hp)