Calculator The following information is taken from a company's records. Market value Cost per Unit per Unit 15 Inventory Item 1 (8 units) $30 $29 Inventory Item 2 (24 units) 15 Inventory Item 3 (13 units) 7 9 Applying the lower-of-cost-or-market approach, what is the correct value that should be reported on the balance sheet for the inventory