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 Running shoes: Adidas Nike 13 9 $254 $391 $398 $330 5 $121 $113 $121 $106 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. 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. historical unit costs lower of cost and net realizable value