Finch Company is preparing the annual financial statements dated December 31, 2017. Information about inventor stocked for regular sale follows: 2. Quantity on Hand 50 100 20 40 Unit Cost When Acquired Net Realizable Item Value at year end 20 45 60 40 19 46 62 38 Required: compute the valuation for the December 31, 2017, inventory using the lower-of-cost-or-net realizable value basis