Lower-of-Cost-or-Market (LCM) MethodThe following data refer to the Froning Company's ending inventory:

Item

Code

QuantityUnit

CostUnit

MarketLXC70$55$58KWT2204844MOR3103230NES1103742

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: $Answer