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. Small Medium Large Cost $65,760 310,150 142,950 Net Realizable Value P $59,780 249,730 The total inventory value 175,970 Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach.

Vaughn Manufacturing selis three different categories of tools (small, medium and largel. The cost and net realizable value of its irventory of tools are as follows. Deterinine the value of the company/s impentory under the lower-of cost-or-net realirablevalae apptakch