The controller of Scheller Company is applying the lower-of-cost-or-market basis of valuing its ending inventory. The following information is available: 
Instructions
Compute the value of the ending inventory by applying the lower-of-cost-or-market basis.
Definitions:
Transitional Links
Evidence of evolution, typically fossils, that bear a resemblance to two groups that in the present day are classified separately.
Archaeopteryx
An extinct dinosaur species known for having features of both birds and reptiles, considered a key piece of evidence in the evolution of birds.
Dinosaurs
A diverse group of reptiles of the clade Dinosauria, known from fossil evidence to have lived during the Mesozoic Era.
Phenotypes
Phenotypes are the observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.
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