The controller of Alt Company is applying the lower-of-cost-or-net realizable value basis of valuing its ending inventory. The following information is available:

Lawnmowers:Self-propelled$14,800$17,000Push type19,00018,000Total33,80035,000Snowblowers:Manual29,80031,000Self-start19,00021,000Total48,80052,000Total inventory$82,600$87,000

The first number is cost and the second is market value .

Compute the value of the ending inventory by applying the lower-of-cost-or-market basis.