A company has the following per unit original costs and market values for its inventory. Lower of cost or market is applied to individual items.Part A: 50 units with a cost of $5, and replacement cost of $4.50Part B: 75 units with a cost of $6, and replacement cost of $6.50Part C: 160 units with a cost of $3, and replacement cost of $2.50Under the lower of cost or market method, the total value of this company's ending inventory is:
A. $1,217.50.
B. $1,075.00.
C. $1,112.50.
D. $1,180.00.
E. $1,137.50.
Answer: B
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