This is just one whole question, I just need help with the last one, please explain thanks! number 4
Required information (The following information applies to the questions displayed below) A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and goif equipment. As technology advances the design and performance of the next generation of drivers, the oider models become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of goif clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA's inventory. Required: 1. Calculate the total recorded cost of ending inventory before any adjustments. Required information Whe following information applies to the questions displayed below] A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf cloth equipment As technology advances the design and performance of the next generation of drivers, the older become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacture clubs) introduces the MegaDriver 1l, the new and improved version of the MegaDriver. Below are year-end am related to Golf USA's inventory. 2. Calculate ending inventory using the lower of cost and net realizable value. Required information The following information applies to the questions displayed below] A company like Golf USA that sells golf-related inventory typically will have inventory items such as goif clothing and goif equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year. Ping la manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts. related to Golf USA's inventory. Record any necessary adjusting entry to inventory. (If no entry is required for a transaction/event, select "No Journal Entry equired" in the first occount field.) Required information [The following infomation applies to the questions displayed below] A company like Golf USA that sells golf-related inventory typically will have inventory items such as goif ciothing and goif equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year, Ping la manufacturer of golf clubs) introduces the MegaDiver II, the new and improved version of the MegaDiver. Below are year-end amounts related to Golf USA's inventory. 4. Determine the impact of the adjusting entry in the financial statements. (Amounts to be deducted should be entered with minus sign.)
