Franklin Company has the following four items in its ending inventory as of December 31, 2014. The company uses the lower-of-cost-or-net realizable value approach for inventory valuation following IFRS.

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 Compute the lower-of-cost-or-net realizable value.

International Financial Reporting Problem: Zetar plc