Sandhill Company is preparing the annual financial statements dated December 31, 2020. Information about inventory stocked for regular sales follows: Quantity Unit Cost Net Realizable Item on Hand When Acquired Value at Year-End A 70 $28 $27 B 120 53 53 C 40 67 70 D 60 60 48 44 Compute the valuation for the December 31, 2020, inventory using the lower-of-cost-or-net realizable value basis. Total ending inventory $