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		54			$	19			$	16
B		84				34				44
C		14				52				56
D		74				29				34
E		354				14				9

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.