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: ENESS INVENTORY, CURRENT YEAR Het online Quantity Unit Cort When Value Barket) on Hand Acquired (FI) st Year-End A 55 20 B 85 35 45 15 53 57 D 75 30 35 E 355 15 10 Iten ARBRE Required: Compute the valuation that should be used for the current year ending inventory using lower of cost or net realizabie value applied on an item-by-item basis. Total Net Lower of Item Quantity Total Cost Realizable Cost of Value NRV 55 B 85 15 D 75 E 355 Total $ 05 05 mol