Grouper Furniture Shop Inc uses the lower of cost and net realizable value basis (LCNRV) for reporting its inventory. The following data are available at December 31. Net Realizable Units Cost/Unit Value Tables Large 22 $274 $271 Small 18 138 150 Chairs Plastic 41 45 42 Wooden 21 30 41 (a) What amount should be reported on Grouper Furniture Shop's financial statements, after the lower of cost and net reliable value rule is applied to individual inventory items? LCNRV Tables: $ Large Small Chairs Plastic Wooden Total