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View Policies Current Attempt in Progress Scott's Sporting Stores Inc. reported the following cost and net realizable value information for inventory at December 31: Units
View Policies Current Attempt in Progress 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 $265 $411 $406 $343 CCM Running shoes: Adidas in o $117 $116 $117 $109 Nike 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 e Textbook and Media Compare the difference in the ending inventory amounts. Which amount provides a more faithful representation of the inventory value? method provides a more faithful representation of the inventory value. The
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