Sublime Sandals Company is preparing its annual financial statements dated December $31.$ Ending inventory information about the four major items stocked for regular sale are as follows: Product LineQuantityon HandUnit Cost WhenAcquired $($FIFO$)$Net Realizable Value atYear$-$End Air Flow $20$ $$12$ $$14$ Blister Buster $754038$ Coolonite $355550$ Dudesly $103035$ Required:$1.$ Compute the amount that should be reported for the ending inventory, using the LC&NRV rule applied to each item.