Peterson Company is preparing the annual financial statements dated December 31, 2014. Ending inventory information about the five major items stocked for regular sale follows Ending Inventory Net Realizable Quantity on Unit Cost When tem Hand Acquired (FIFO) Value at Year-End $19.40 $16.40 94 B 124 34.40 44.40 56.40 49.40 54 29.40 34.40 74 E 394 9.40 14.40 Required 1. Compute the value of the 2014 ending inventory by using the LCNR rule applied on an item-by-item basis. (Do not round intermediate calculations and round your final answers to 1 decimal place LCNRV Total Market Item Quantity Total Cost Valuation 94 124 x 54 x 74 x E 394 x S 0.0 Total 0.0 0.0