Whispering Winds Corp. 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		$ 59,740		$ 59,370
Medium		305,640		235,480
Large		140,160		178,620

Determine the value of the companys inventory under the lower-of-cost-or-net realizable value approach.

The total inventory value