Lower-of-Cost-or-Market (LCM) Method The Crane Company had the following inventory at year-end:

		Unit Price
	Quantity	Cost	Market
Desks
Model 9001	70	$190	$210
Model 9002	45	280	268
Model 9003	20	350	360
Cabinets
Model 7001	120	60	64
Model 7002	80	95	88
Model 7003	50	130	126

Required Determine the value of ending inventory after applying the lower-of-cost-or-market method to each item of inventory.

Applying the lower-of-cost-or-market method to each item of the inventory results in an ending inventory amount of $Answer