Violet Ltd. retails gardening equipment and has five main product lines: mowers, vacuum blowers, edgers, garden tools and fences. At December 31, 2021, cost and net realizable values for each product line were as shown below:

Inventory item	Quantity	Cost per unit $	NRV per unit $
Equipment category
Mowers	16	215.80	256.00
Vacuum blowers	113	62.35	60.00
Edgers	78	27.40	36.00
Non-electrical category
Garden tools	129	12.89	11.00
Fences	57	43.11	55.00

Determine the value of the ending inventory using LCNRV application on individual inventory. Round your answer to 2 decimal places if necessary. (10 marks)