Lower-of-Cost-or-Net Realizable Value Method The Venner Company had the following inventory at year-end: Unit Price Net Realizable Quantity Cost Value Fans Model X1 300 $18 $19 Model X2 250 23 24 Model X3 450 29 26 Heaters Model B7 500 24 28 Model B8 290 35 32 Model B9 100 41 37 Required Determine the value of ending inventory after applying the lower-of-cost-or-net realizable value method to each item of inventory. Applying the lower-of-cost-or-net realizable value method to each item of the inventory results in an ending inventory amount of $