Sarasota Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Sarasota uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product. On April 30, Sarasota learns that the product has a net realizable value of $51 per unit. Determine the amount that ending inventory will be valued at on the April statement of financial position