H$.$T$.$ Tan Company is preparing the annual financial statements dated December $31$ of the current year. Ending inventory information about the five major items stocked for regular sale follows:

ENDING INVENTORY, CURRENT YEAR

Item Quantity

on Hand Unit Cost When Acquired $($FIFO$)$ Net Realizable

Value $($Market$)$

at Year$-$End

A $53$ $ $18$ $ $15$

B $833343$

C $135155$

D $732833$

E $353138$

Required:

Compute the valuation that should be used for the current year ending inventory using lower of cost or net realizable value applied on an item$-$by$-$item basis.