Assume that Allie Bikes, Inc. is currently preparing financial statements and holds two bicycles in ending inventory. Model No.7 cost the company $360 while Model No.9 cost $680. As mentioned, Model No.7 now has a replacement cost of only $150. Because of market conditions, the exact sales value is uncertain. The other unit, Model No.9, has been damaged and can only be sold for $700 after $50 is spent for necessary repairs. This inventory has a cost of $1,040 ($360 + $680). What should Allie report for its asset inventory