Company has the following items as inventory as of December 31, 2016. What is the value of inventory by applying Lower Cost of Market? (LIFO)

ITEM	COST	CURRENT REPLACEMENT COST	ESTIMATED SELLING PRICE	COMPLETION & DISPOSAL COST
1	$65	$68	$80	$3
2	$80	$72	$102	$8
3	$90	$105	$112	$10
4	$38	$42	$40	$4
5	$20	$21	$30	$2
6	$55	$45	$67	$2

For all inventory items, Normal Profit Margin is 30% of selling price.

Product	Replacement Cost	Ceiling	Floor	Designated Market	Cost	Lower Cost of Market