Vaughn Manufacturing sells three different categories of tools (small, medium and large). The cost and net realizable value of its inventory of tools are as follows. Cost Net Realizable Value Small $ 65,760 $59.780 Medium 310,150 249.730 Large 142.950 175.970 Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach. The total inventory value $