treatment. They use a perpetual inventory system and the FIFO cost formula for valuing inventory. The following information is available regarding the inventory on hand at year end, December 31. Types: Units Unit Cost Unit Net Realizable Value Marilyn 15 $150 $145 Farrah 13 209 227 Jane 9 54 70 J-LO 8 195 202 Cpt. Kirk 12 155 109 Assuming Ivanhoe values each type of wig separately, determine the lower of cost and net realizable value of the ending inventory Lower of cost and net realizable value $