I am not quite sure what this question is asking, nor do I understand how to apply the lower-of-cost-or-NRV.

The controller of Alt Company is applying the lower-of-cost-or-net realizable value basis of valuing its ending inventory. The following information is available:

Cost Net Realizable

Value

Lawnmowers:

Self-propelled $14,800 $17,000

Push type 19,000 18,000

Total 33,800 35,000

Snowblowers:

Manual 29,800 31,000

Self-start 19,000 21,000

Total 48,800 52,000

Total inventory $82,600 $87,000

Compute the value of the ending inventory by applying the lower-of-cost-or-NRV. Show your work.