Bob Company sells two types of Inventory, MP3 players and Blu Ray players. The MP3 players originally cost $1,112.50 and had a net realizable value of $1,075.00 while the Blu Ray players had an original cost of $500 and have a net realizable value of $700. Calculate the year end adjustment to inventory when applying the lower of cost and net realizable value method using an item-by-item analysis.