xercises Saved Required information Exercise 6-13A Calculate inventory using lower of cost and net realizable value (L06-6) [The following information applies to the questions displayed below.) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory Inventory Quantity Unit Cost Unit NRV $ 95 Electronics Furniture 150 45 $ 80 350 275 Exercise 6-13A Part 1 Required: 1. Calculate the total recorded cost of ending Inventory before any adjustments, Cost of ending inventory before adjustment) Prey 18 19 20 20 of 22 Next > Saved HE ! Required information Exercise 6-13A Calculate inventory using lower of cost and net realizable value (L06-6) (The following information applies to the questions displayed below.) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Quantity Unit Cost Unit NRV Furniture $ 80 $ 95 Electronics 45 150 350 275 Exercise 6-13A Part 2 2. Calculate ending inventory using the lower of cost and net realizable value. Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Furniture Electronics TOIVO Hari Tech + 6 Exercises Saved Help 2 Exercise 6-13A Part 3 3 3. Record any necessary adjustment to inventory (If no entry is required for a transaction/event, select "No Journal Entry Required In the first account field.) View transaction list ok Journal entry worksheet