Whitman Corporation sells five different products. The following information is available on December 31: Inventory Item Units Cost per Unit Net Realizable Estimated Value (Market) Selling Price: per Unit per Unit Tin 60 $500 $505 $545 Titanium 20 $5,000 $4,950 $5,100 Stainless Steel 80 Aluminium 80 $2,025 $350 $1,915 $1,985 $285 $ 290 Iron 40 $400 $395 $425 When applying the lower-of-cost-or-net-realizable-value, also known as the lower of cost or market rule, to each item, what will Whitman's total ending inventory balance be? Edit Format Table