Novelll's Nursery has developed the following data in order to calculate the lower of cost or net realizable value for its products. The individual products are listed within the categories of trees Selling Price Cost $1,980 2,470 $1,80 1,780 Broad leaf trees Ash Beech Needle leaf trees Cedar Fir Fruit trees Apple Cherry $2,860 4,050 $1,930 3,530 $1,980 2,570 $1,50 1,980 The costs to sell are 10% of selling price Required: Determine the reported inventory value assuming the lower of cost or net realizable value rule is applied to categories of trees The costs to sell are 10% of selling price Required: Determine the reported inventory value assuming the lower of cost or net realizable value rule is applied to categori Product Cost NRV Lower of Cost or NRV Ash Boech Broad leaf trees Codar $ 0 $ 0 S 0 $ 0 Noodle loaf trees Apple Cherry Fruit trees Inventory value $ 0 $ 0 $