Question: Required information Problem 6-4B Report inventory using lower of cost and net realizable value (L06-6) (The following information applies to the questions displayed below.) A

 Required information Problem 6-4B Report inventory using lower of cost and

Required information Problem 6-4B Report inventory using lower of cost and net realizable value (L06-6) (The following information applies to the questions displayed below.) A home improvement store, like Lowe's, carries the following items: Inventory Items Hammers Saws Screwdrivers Drills 1-gallon paint cans Paintbrushes Quantity 120 40 120 30 Unit Cost $ 6.60 9.60 1.60 24.60 5.10 5.60 Unit NRV $ 7.10 8.60 2.20 21.20 4.60 6.10 150 170 Problem 6-4B Part 1 Recommedie the tot 1. Compute the total cost of inventory. Total cost

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