Sparks Furniture Company carries three lines of sofas. Information about the sofa inventory as of the end of its most recent fiscal year follows. If LCM is applied to each separate product line, what is the amount of the adjustment that must be made to the company's inventory?

Product Line	Cost per Unit	Market Value per Unit	Quantity
Rustic	$785	$895	360
Mediterranean	685	775	470
Contemporary	1,115	680	360

$81,900

$156,600

$35,100

$74,700