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Required information [The following information applies to the questions displayed below) Home Furnishings reports Inventory...

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Required information [The following information applies to the questions displayed below) Home Furnishings reports Inventory using the lower of cost and net realizable value (NRV) method. Below is Information related to its year-end inventory. InventoryQuantity Cost NRV Furniture 100 $ 75 $90 Electronics 40 300 250 Required: 1. Calculate ending inventory using lower of cost and net realizable value Quantity Lower of Cost and NRV Ending Inventory Inventory Furniture Electronics

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