Nelson Corporation sells three different products.The following information is available on December 31: 
After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Nelson's total ending inventory balance be?
Definitions:
Middle Childhood
A stage of human development that typically covers the early school years from ages 6 to 12, marked by significant growth in social, cognitive, and physical areas.
Abstract Modeling
The process in which modeling paves the way for the development of more general rules and principles.
Empathy
The understanding of what another individual feels.
Autonomous Cooperation
A concept where individuals or systems operate independently but collaborate towards a common goal without centralized control.
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