The following information pertains to the company€™s ending inventory:

Apply lower-of-cost-or-market accounting to each inventory item individually. What total amount should be reported as inventory in the balancesheet?

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Original Cost Selling Price Selling Cost Replacement Cost Normal Profit Item A Item B Item C 575 700 1,180 700 820 ,250 $ 50 80 100 600 550 .100 $100 150 300