Boulder, Inc. is computing its inventory at December 31, 2016. The following information relates to the five major inventory items regularly stocked for resale: 4. Ending December Realizable Unit Cost (Market) at Inventory,Net 31,2016 Value Quantity Item on Hand when December Acquired 31, (FIFO) 2016 $35 $52 $80 $62 $12 Al 100 BI 150 $40 $50 S100 $60 S15 25 300 El 700 Required: Using the lower of cost or market rule (LCM or net realizable value), compute the total valuation for each inventory item at December 31, 2016, and the total inventory valuation