Whitman Corporation sells six different products. The following information is available on December 31: 
When applying the lower of cost or market rule to each item, what will Whitman's total ending inventory balance be?
Definitions:
Collaboration
The process of two or more people, entities, or organizations working together towards a common goal, often leading to innovative solutions or increased productivity.
Customer Experience
The collective impact of multiple touchpoints and interactions a customer has with a brand over time, influencing satisfaction and loyalty.
Marketspace Company Presence
A company's strategic visibility and engagement in the digital domain, encompassing online marketing, e-commerce, and digital branding.
Multichannel Marketing
The practice of interacting with customers using a combination of indirect and direct communication channels to sell products or services.
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