Answer:
$3,028
Explanation:
As we know that
The inventory should be valued at cost or net realizable value which ever is lower
(A) (B) (A × B)
Product Quantity Lower value of cost or NRV Amount
Gloves 16 $121 $1,936
Shoes 26 $21 $546
Hats 13 $42 $546
Total amount $3,028
Hence, the inventory recorded amount is $3,028
