Ram Brothers is preparing financial statements and provides specific information about several of its major inventory items as of 30th June. Required: If Ram Brothers uses the LCNRV rule (on a unit-by-unit basis), what should it report as the balance of inventory?
Item	Quantity on hand	Unit cost when acquired	Replacement cost (market value) as of 30th June	LCNRV	Value of inventory
X	25	$ 15	$ 19
Y	60	$ 22	$ 20
Z	34	$ 30	$ 33
Balance of inventory: