Required information Problem 6-4A Report inventory using lower of cost and net realizable value (LO6-6) [The following information applies to the questions displayed below.) A local Chevrolet dealership carries the following types of vehicles: Inventory Items Vans Trucks 2-door sedans 4-door sedans Sports cars SUVs Quantity 2 5 1 6 2 7 Unit Cost $26,000 17,800 12,800 16,800 36,000 29,600 Unit NRV $24,000 16,800 14,800 19,800 39,000 27,000 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