Pina Colada Corp. sells three different categories of tools (small, medium and large). The cost and net realizable value of its inventory of tools are as follows. Small Medium Large Cost $ 58,270 263,490 151,040 Net Realizable Value $ 55,500 The total inventory value $ 255,460 152,220 Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach.

Pina Colada Corp. sells three different categories of tools (small, medium and large). The cost and net realizable value of its inventory of tools are as follows. Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach. Pina Colada Corp. sells three different categories of tools (small, medium and large). The cost and net realizable value of its inventory of tools are as follows. Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach