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NOVA BOOKS sells books, backpacks, and shirts. The following information is presented as of December 31 Inventory Item Units Cost per unit Net realizable value

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NOVA BOOKS sells books, backpacks, and shirts. The following information is presented as of December 31 Inventory Item Units Cost per unit Net realizable value per unit Books 2000 $55.00 560.00 $30,00 Backpacks 200 $25.00 Shirts 1.000 $10.00 $15.00 Apply the lower-of-cost-or-net-realizable-value rule to each item. What is NOVA BOOKS total ending Inventory balance Do not include dollar signs or commas in your answer. The system will insert a commit necessary

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