Determine the value of the inventory to be reported on the balance sheet by applying lower-of-cost-and-net-realizable-value to the following data. \\begin{tabular}{lccccccc} Item & Quantity & \\multicolumn{2}{c}{ Cost Price/Unit } & & Market Price/Unit & \\multicolumn{2}{c}{ Selling Costs } \\\\ \\hline \\( \\mathbf{0 0 1} \\) & 10 & \\( \\$ \\) & 33 & \\( \\$ \\) & 35 & \\( \\$ \\) & 110 \\\\ \\( \\mathbf{0 0 2} \\) & 15 & \\( \\$ \\) & 45 & \\( \\$ \\) & 42 & \\( \\$ \\) & 50 \\end{tabular} \\begin{tabular}{lcccccccc} Item & Quantity & Cost Price/Unit & Market Price/Unit & Selling Costs & Cost & NRV & \\( \\begin{array}{c}\\text { Comparison of Lower of } \\\\ \\text { Cost and NRV }\\end{array} \\) \\\\ \\hline \\( \\mathbf{0 0 1} \\) & 10 & \\( \\$ \\) & 33 & \\( \\$ \\) & 35 & \\( \\$ \\) & 110 \\\\ \\( \\mathbf{0 0 2} \\) & 15 & \\( \\$ \\) & 45 & \\( \\$ \\) & 42 & \\( \\$ \\) & 50 \\\\ Total & & & & & & & \\end{tabular}