Selling Price Cost $1,880 2,320 $1,780 1,680 Broad leaf trees: Ash Beech Needle leaf trees: Cedar Fir Fruit trees: Apple Cherry $2,660 3,800 $1,830 3,430 $1,880 2,420 $1,480 1,880 The costs to sell are 10% of selling price. Required: Determine the reported inventory value assuming the lower of cost or net realizable value rule is applied to categories of trees. Product Cost NRV Lower of Cost or NRV Ash Beech Broad leaf trees $ 0 $ 0 Cedar Fir Needle leaf trees $ 0 $ 0 Apple Cherry v Fruit trees S 0 $ 0