Franklin Company has the following four items in its ending inventory as of December 31, 2012. The company uses the lower-of-cost-or-net realizable value approach for inventory valuation following IFRS.

Compute the lower-of-cost-or-net realizable value.
INTERNATIONAL FINANCIAL REPORTING PROBLEM: Zetar plc

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Item No. Cost Net Realizable Value AB $1,700 $1,400 TRX 2,200 2,300 NWA 7,800 7,100 SGH 3,000 3,700