! Required information Problem 6-5A Calculate ending inventory and cost of goods sold using FIFO and LIFO and adjust inventory using lower of cost and net realizable value (L06-3, 6-6) [The following information applies to the questions displayed below) For the current year. Parker Games has the following inventory transactions related to its traditional board games. Parker Games uses a periodic Inventory system. Date Transaction Units Unit Cost Total cost Jan. 1 Beginning inventory 110 $2,090 Mar. 12 Purchase 85 14 1,190 Sep. 17 Purchase 1 $3,665 * 165 $19 385 55 250 Jan. 1-Dec. 31 Sa Because of the increasing popularity of electronic video games, Parker Games continues to see a decline in the demand for board games. Sales prices have decreased by over 50% during the year. At the end of the year, Parker estimates the net realizable value of the 85 units of unsold inventory to be $450. Problem 6-5A Part 3 3-a. Determine the amount of ending inventory to report using lower of cost and net realizable value. Lower of Cost