E6-12A Lower-of-Cost-or-Net Realizable Value Method The following data refers to the lan Company's ending inventory: Item Code Quantity Unit Cost Not Realizable Value ABX 50 $50 $55 TYG 38 $38 $42 JIL 28 $28 $24 GGH 90 $44 $38 Calculate the value of the company's ending inventory by using the Lower-of-Cost-or-Net Realizable Value applied to each item of inventory. ANSWER