Lower$-$of$-$Cost$-$or$-$Net Realizable Value Method

The following data are taken from the Browning Corporation$$s inventory accounts:

Item

Code

Quantity

Unit

Cost Net

Realizable

Value

ACE $100$ $$27$ $$24$

BDF $3002931$

GHJ $4002218$

MBS $2002427$

Calculate the value of the company$$s ending inventory using the lower$-$of$-$cost$-$or$-$net realizable value method applied to each item of inventory.

Ending Inventory Value: $