12) Using the information below, determine the ending inventory value applying the lower of cost and net realizable value (market value).

Inventory Item Quantity Cost Net Realizable Value

Cutlets 200 $ 12 $ 14

Chops 400 $ 16 $ 14

Shanks 300 $ 15 $ 12

A) $13,300.

B) $12,000.

C) $11,600.

D) $13,700.