Required information Exercise 6-13A Calculate inventory using lower of cost and net realizable value (L06-6) [The following information applies to the questions displayed below.) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Furniture Electronics Quantity 230 53 Unit Cost $ 88 430 Unit NRV $103 315 Exercise 6-13A Part 1 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments Answer is complete but not entirely correct. Cost of ending inventory (before adjustment) s 40,385