Bramble Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Bramble uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product. Unit Price Date Apr. Unit Cost $79 91 1 6 8 Explanation Beginning inventory Purchases Sales Purchases Sales Purchases Units 50 110 (130) 120 (120) 20 $115 15 70 20 103 27 63 On April 30, Bramble learns that the product has a net realizable value of $50 per unit. Determine the amount that ending inventory will be valued at on the April statement of financial position. Ending Inventory Valued at $