Novelt'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 Bread leaf trees 01223 51,820 2,230 51,720 Beach Note leaf trees Cedar TE Fruit trees Apple Cherry $2.54 3,550 $1,770 3,870 $1,620 2.330 51,420 1.820 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 individual trees NRY Lower of Costo NRV ogle