Novelli's Nursery has developed the following data in order to calculate the lower of cost or net realizable value for its products. The individual products are listed within the categories of trees.

Selling Price Cost

Broad leaf trees:

Ash $ $1,900$ $ $1,800$

Beech $2,3501,700$

Needle leaf trees:

Cedar $ $2,700$ $ $1,850$

Fir $3,8503,450$

Fruit trees:

Apple $ $1,900$ $ $1,500$

Cherry $2,4501,900$

The costs to sell are $10\%$ of selling price.

Required:

Determine the reported inventory value assuming the lower of cost or net realizable value rule is applied to categories of trees.