Question 11 Not complete Marked out of 1.00 P Flag question Lower-of-Cost-or-Net Realizable Value Method The Venner Company had the following inventory at year-end: Unit Price Net Realizable Quantity Cost Value Fans Model X1 300 320 Model 250 32 Model 400 36 Heaters Model 500 4 Model 290 Model 100 51 Required Determine the value of ending inventory after applying the lower-of-cost-or-net realizable value method to each item of inventory Applying the lower-of-cost-or-net realizable value method to each item of the inventory results in an ending inventory amount of so Check