Chapter 6b Saved Required information Exercise 6-14A Calculate inventory using lower of cost and net realizable value (L06-6) [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 golf 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 (a 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. Inventory Shirts MegaDriver MegaDriver 11 Quantity 27 7 22 Unit Cost $ 52 280 310 Unit NRV $ 62 210 340 Exercise 6-14A Part 2 2. Calculate ending inventory using the lower of cost and net realizable value. Quantity Lower of Cost and NRV Ending Inventory Inventory Shirts MegaDriver MegaDriver II 7 IS