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 $38 $37

BDF 300 43 44

GHJ 400 33 31

MBS 200 36 40

Calculate the value of the companys ending inventory using the lower-of-cost-or-net realizable value method applied to each item of inventory.