5 Check my work HT. Ton Company is preparing the annual financial statements dated December 31 of the current year ending inventory information about the five major items stocked for regular sale follows: INDING THE TORY, CURRENT YEAR Net Realisable Quantity unit Cout when Value (Market) Ito on and Acquired (10) at Year-End 70 522 $ 24 100 49 39 30 61 57 34 14 19 C 90 39 370 nes Required: Compute the valuation that should be used for the current year ending inventory using lower of cost or net realizable value applied on an item-by-item basis. Lower of Cost or NRV Total Net item Quantity Total Cont Realizable Value A 70 B 100 30 D 90 m> 370 Total $ 0 $ 0 $ 0