17. Rowan Company has four different categories of inventory. The quantity, cost, and market value for each of the inventory categories are as follows:

Item	Quantity	Cost Per Unit			Market Value Per Unit
1	220	$	4.40		$	4.60
2	130	$	6.20		$	6.00
3	100	$	10.00		$	9.25
4	25	$	20.50		$	19.00

The company carries inventory at lower-of-cost-or-market applied to the entire stock of inventory in the aggregate. How would the implementation of the lower-of-cost-or-market rule impact the elements of the companys financial statements?

	a.	Decrease total liabilities and stockholders equity by $94.50.
	b.	Increase total assets and stockholders equity by $94.50.
	c.	Decrease total assets and stockholders equity by $94.50.
	d.	Have no effect on total assets or stockholders equity.