Merchandising Inventory Inventory Costing Methods A company sells four products J, K, L, and M. At 31 August Year N the following items are held: Product J: Cost $4,759, Selling price $5,200; Product K:Cost $2,172, Selling price $2,300; Product L: Cost $3,223, Selling price $3,300; Product M: Cost $6,747, Selling price $7,100. 5% sales commission is paid to the company's agents on all sales. What value of inventory should be shown in the company's financial statements at 31 August Year N