Skysong, Inc. sells three different categories of tools (small, medium and large). The cost and net realizable value of its inventory of tools are as follows. Cost Net Realizable Value Small $ 69,500 $56,250 Medium 278,440 244,420 Large 160,110 165.200 Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach. The total inventory value $