Tillman Company values its inventory, shown below, at the lower of cost or market.

Compute Tillman's inventory value using $(1)$ the item$-$by$-$item method and $(2)$ the major

category method.

Per Unit

Market

Cost

Quantity

$$0\mathrm{.}90$

CategoryI

$$1\mathrm{.}00$

$200$

$2\mathrm{.}20$

Item aa

$2\mathrm{.}00$

$240$

$3\mathrm{.}75$

$4\mathrm{.}00$

$400$

Item cC

$6\mathrm{.}50$

$6\mathrm{.}00$

Category II

$300$

$9\mathrm{.}10$

$9\mathrm{.}00$

$400$

Item ee