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: Item B D D E Quantity on Hand 68 98 28 88 368 ENDING INVENTORY, CURRENT YEAR Net Realizable Unit Cost When Value (Market) Acquired (FIFO) at Year-End $ 19 $ 22 47 37 59 55 37 32 12 17 ton 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. Total Net Lower of Item Quantity Total Cost Realizable Cost or Value NRV A 68 B B 98 C 28 D 88 E 368 Total $ 0 $ 0 $ 0