TB Problem 9-140 (Algo) Novelli's Nursery has developed the following data in order to calculate the lower of cost or net realizable value for its products. The Individual products are listed within the categories of trees Selling Price cost Broad leaf trees: Ash $1,700 2,530 $1,680 1.580 Needle leaf trees $2,940 sese 3,33 Fruit trees! Apple $1,388 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 individual trees. Product Cost I NRV Lower of cost or NRV S 1510