At December 31, 2014, Bosan Corporation has 4,900 units of model 63 and 3,500 units of model 64 in its ending inventory. Specific data with respect to each product follows: 
What amount will be reported for inventory on Boson's statement of financial position after the company applies LCNRV?
Definitions:
Aggregate Demand
The summed demand for goods and services across an economic milieu, set at a specific price level for a given time interval.
Aggregate Supply
Aggregate supply is the total supply of goods and services that firms in an economy plan on selling during a specific time period.
Misperceptions Theory
The theory that suggests business cycles can result from the misinterpretation of economic data by firms and consumers.
Aggregate Demand
The comprehensive need for products and services within an economy at a specified price range and time span.
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