Assume that Calvin Bikes, Inc. is currently preparing financial statements and holds two bicycles in ending inventory.  Model X7 cost the company $260 while Model A9 cost $380.  As mentioned, Model X7 now has a replacement cost of only $110.  Because of market conditions, the exact sales value is uncertain.  The other unit, Model A9, has been damaged and can only be sold for $400 after $50 is spent for necessary repairs.  This inventory has a cost of $640 ($260 + $380).  What should Calvin report for its asset inventory?