Foley Company Applied FIFO to Its Inventory and Got the Following

Essay

Foley Company applied FIFO to its inventory and got the following results for its ending inventory.
DVRs 140 units at a cost per unit of $59
DVD players 210 units at a cost per unit of $75
iPods 175 units at a cost per unit of $80
The cost of purchasing units at year-end was DVRs $71, DVD players $68, and iPods $78.
Instructions
Determine the amount of ending inventory at lower-of-cost-or-net realizable value.