A retail furniture dealer counted the following goods in inventory on December 31. An accountant recommended that the inventory items be valued at the lower of cost or market price. Compute the total value of the inventory based on the lower of cost or market price. If required, round your answers to two decimal places.

Article	Quantity	Unit Cost Price			Extension at Cost	Unit Market Price			Extension at Market	Inventory Value at Lower of Cost or Market
Armchairs, wood	30	$47.90			$______	$39.90			$_______	$_________
Armchairs, tapestry	14	105.60			$______	102.10			$_______	$_______
Armchairs, Windsor	20	86.40			$______	95.90			$_______	$_______
Beds, bunk	6	88.10			$______	93.10			$_______	$_______
Bedroom suites	3	334.10			$______	330.60			$_______	$_______
Tables, coffee	29	64.70			$______	69.20			$_______	$_______
Chairs, kitchen	27	23.40			$______	31.40			$_______	$_______
Dining tables	17	117.70			$______	122.70			$_______	$_______
Dining suites	12	280.20			$______	282.20			$_______	$_______
Sofa sets	17	368.50			$______	370.50			$_______	$_______
Total					$______				$_______	$_______