Loft co. reviewed its lifo basis inventory values for proper pricing at year end. the following summarizes two inventory items examined for the lower of cost or market: inventory inventory item #1 item #2 original cost $210,000 $400,000 replacement cost 150,000 370,000 net realizable value (nrv) 240,000 410,000 net realizable value (nrv) minus profit margin 208,000 405,000 what amount should loft include in inventory at year end if it uses the total of the inventory to apply the lower of cost or market (lcm)?