Cullumber's Gift Shop uses a perpetual inventory system and the FIFO cost formula for valuing inventory. The company is now in the process of comparing the cost of its inventory with its net realizable value. The following data are available at Cullumber's Gift Shop's year end, December $31$:

Units

Unit Cost

Net Realizable Value per Unit

Clothing

$94$

$$6$

$$5$

Jewellery

$20$

$23$

Greeting cards

$49$

Stuffed toys

$50$

$12$

$40$

$($a$)$

Determine the lower of cost and net realizable value of the ending inventory assuming Cullumber's Gift Shop applies LCNRV on individual items.