Required information Problem 6-4A Report inventory using lower of cost and net realizable value (L06-6) [The following information applies to the questions displayed below.) A local Chevrolet dealership carries the following types of vehicles: Unit Unit Inventory Items Quantity Cost NRV $20,500 $18,500 Trucks 7 16,700 15,700 2-door sedans 11,700 13,700 4-door sedans 15,700 18,700 Sports cars 30,500 33,500 SUVS 27,400 21,500 Vans 3 Because of recent increases in gasoline prices, the car dealership has noticed a reduced demand for its SUVs, vans, and trucks. Problem 6-4A Part 1 Required: 1. Compute the total cost of the entire inventory Total cost