E$7-14($Algo$)$ Reporting Inventory at Lower of Cost or Market$/$Net Realizable Value $[$LO $7-4]$

Sandals Company is preparing the annual financial statements dated December $31.$ Ending inventory is presently recorded at its total cost of $$7,500.$ Information about its inventory items follows:

$\backslash$table$[[,\backslash$table$[[$Quantity$],[$on Hand$]],\backslash$table$[[$Unit Cost When$],[$Acquired $($FIFO$)]],\backslash$table$[[$Value at$],[$Pear$-$End$]]],[$Product Line,$95,$$$25,$$$31$