Required information Problem 6-4B Report inventory using lower of cost and net realizable value (LO6-6) [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 Unit Cost 100 $ 7.60 50 10.60 130 2.60 40 25.60 160 6.10 180 6.60 Unit NRV $ 8.10 9.60 3.20 23.20 5.60 7.10 Required information Problem 6-4B Report inventory using lower of cost and net realizable value (LO6-6) [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 Unit Cost 100 $ 7.60 50 10.60 130 2.60 40 25.60 160 6.10 180 6.60 Unit NRV $ 8.10 9.60 3.20 23.20 5.60 7.10 Required information Problem 6-4B Report inventory using lower of cost and net realizable value (LO6-6) [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 Unit Cost 100 $ 7.60 50 10.60 130 2.60 40 25.60 160 6.10 180 6.60 Unit NRV $ 8.10 9.60 3.20 23.20 5.60 7.10 Required information Problem 6-4B Report inventory using lower of cost and net realizable value (LO6-6) [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 Unit Cost 100 $ 7.60 50 10.60 130 2.60 40 25.60 160 6.10 180 6.60 Unit NRV $ 8.10 9.60 3.20 23.20 5.60 7.10