Lower-of-Cost-or-Net Realizable Value Method The following data are taken from the Browning Corporation's inventory accounts: Item Code Quantity Unit Cost Net Realizable Value ACE 100 $36 $35 BDF 300 41 42 GHJ 400 31 29 MBS 200 34 38 Calculate the value of the companys ending inventory using the lower-of-cost-or-net realizable value method applied to each item of inventory.