The Claremont Company's ending inventory is composed of 50 units that had cost ($ 20) each and

Question:

The Claremont Company's ending inventory is composed of 50 units that had cost $\$ 20$ each and 100 units that had cost $\$ 15$ each. If all 150 units have an NRV of $\$ 16$ each, what value should be assigned to the company's ending inventory assuming that it applies lower-of-cost-or-net realizable value on a group-wise basis?

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