What is the lower-or-cost-or-net-realizable-value (LCNRV) of the ending skateboard invenfory? Inventory $10,300$10,900$10,100$11,000 3 points Entity E uses a perpetual imventory system and at the end of the perlod, the ending account balance in inventory represents the amount of inventory inat anould be on hand Does Entity E need to take a physical inventory at the end of the period? No, because an ending inwentory count is only necessary when using a periodic inventory system. Yes, because differences in amount could result from spoilage, theft, or errors