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 Quantity Unit Cost Hammers Saws Screwdriver: Drills 1-gallon paint cans Paintbrushes 120 40 120 30 150 170 $ 6.30 9.30 1.30 24.30 4.80 5.30 Unit NRV $ 6.80 8.30 1.90 20.60 4.30 5.80 Problem 6-4B Part 1 Required: 1. Compute the total cost of Inventory. Total cost MacBook Air o A o

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