Determine the value of ending inventory after applying the lower-of-cost-or-net realizable value method to each item of inventory.

Applying the lower-of-cost-or-net realizable value method to each item of the inventory results in an ending inventory amount of $.

Lower-of-Cost-or-Net Realizable Value Method The Vandy Company had the following inventory at year-end: Unit Price Net Realizable Quantity Cost Value Fans Model X1 300 $18 $19 Model X2 250 23 24 Model X3 450 29 25 Heaters Model B? 500 24 30 Model 38 290 35 32 Model BB 100 41 37 Required Determine the value of ending inventory after applying the lower-of-cost-or-net realizable value method to each item of inventory. Applying the lower-of-cost-or-net realizable value method to each item of the inventory results in an ending inventory amount of $