The Controller of Greene Yard Company Is Applying the Lower-Of-Cost-Or-Market

The controller of Greene Yard Company is applying the lower-of-cost-or-market basis of valuing its ending inventory. The following information is available: $\begin{array}{lcc}& \underline{\text { Cost} } & \underline{ \text { Market Value }}\\\text { Lawnmowers: }\\\text { Self propelled } & \$ 16,800 & \$ 17,000 \\ \text { Push type } & \underline{19,500 }&\underline{ 18,000} \\ \text { Total } & \underline{36.300 }&\underline{ 35,000} \\\end{array}$

$\text { Snowblowers: }$
$\begin{array}{lrr}\text { Manual } & 29,800 & 30,000 \\\text { Self-start } & \underline{19,700}& \underline{21,000} \\\quad \text { Total } & \underline{49,000} & \underline{ 51,000} \\\text { Total inventory } & \underline{\$ 85,800} & \underline{\$86,000}\end{array}$ Instructions
Compute the value of the ending inventory by applying the lower-of-cost-or-market basis.