Lower of Cost and Net Realizable Value The accountant for Lahore Company prepared the following analysis of its inventory at year-end: 1800 Item Units Cost per Unit Market Value RSK-89013 500 $36 18000 $44 22 000 LKW-91247 329 16121 49 41 13 484 QEC-57429 462 33 IS ZU 47519 S0735 Required: 2913398 13489 13398 44 887 1. Compute the carrying value of the ending inventory using the lower of cost and net realizable value method applied on an item-by-item basis