Lower-of-Cost-or-Market (LCM) Method The following data refer to the Froning Company's ending inventory: Unit Unit Item Code Quantity Cost Market LXC KWT MOR NES 00 $85 $88 250 78 74 340 62 60 140 67 72 Calculate the value of the company's ending inventory by using the lower-of-cost-or-market method applied to each item of inventory Ending Inventory:$