Backyard Condiments Co. has the following amounts per unit for each of their two condiment products on December 31. (per unit) Selling price Normal profit Historical cost Selling and transportation costs $1.00 $0.75 Ketchup Mustard $4.50 $5.25 $0.75 $0.25 $3.75 $4.00 Assume 300 units of ketchup and 200 units of mustard remain. Determine the LCNRV total inventory balance assuming a total inventory-level as of December 31. Please put your answer in bold font. To receive credit, you must show your work (including your numerical comparisons)