LOWER OF COST OR MARKET. Meredith’s Appliance Store has the following data for the items in its inventory at the end of the accounting period:

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NUMBER OF HISTORICAL COST ITEM UNITS PER UNIT MARKET VALUE PER UNIT Window air conditioner 15 $194 $110 Dishwasher Refrigerator 34 240 380 27 382 605 Microwave Washer (clothing) 19 215 180 36 195 290 Dryer (clothing) 21 168 245 REQUIRED: Compute the carrying amount of Meredith's ending inventory using the lower-of-cost- or-market procedure on an item-by-item basis.