Robust Inc.has the following information related to an item in its ending inventory.Packit (Product # 874) has a cost of $498, a selling price of $536, a cost to complete of $62, and a cost to sell of $28.What is the lower-of-cost-or-net realizable inventory value for Packit?

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The Answer of Robust Inc.has the following information related to an item in its ending inventory.Packit (Product # 874) has a cost of $498, a selling price of $536, a cost to complete of $62, and a cost to sell of $28.What is the lower-of-cost-or-net realizable inventory value for Packit?