Calculate the total recorded cost of ending inventory

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Reference no: EM133373383

Question: A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf equipment. As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year, Swing (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA's inventory.

Inventory	Quantity	Unit Cost	Unit NRV
Shirts	34	$65	$69
MegaDriver	14	350	270
MegaDriver II	29	380	410

Calculate the total recorded cost of ending inventory before any adjusting entries.

Reference no: EM133373383

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