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Theodore Inc. had the following inventory items at 12/31/2020. Item Net Realizable Quantity Cost per unit Value per unit A 3 $12 $13 $15 $11

Theodore Inc. had the following inventory items at 12/31/2020. Item Net Realizable Quantity Cost per unit Value per unit A 3 $12 $13 $15 $11 $5 $8 $6 Compute the value of the inventory at 12/31/2020 on the balance sheet: (assume the Lower of Cost or Net Realizable Value is applied on a total inventory basis)

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