22) Teahaven prepared the following schedule of unit costs and market prices for three items of merchandise inventory. Item Units Unit Cost Market Price per Unit Black tea 2,000 $.25 $.28 Fruit Tea 2,000 .45 .30 Minted Tea 3,000 .30 .35 Applying the lower of cost or market price rule, the total value of the units would be reported as

a. $2,360

b. $3,000

c. $2,000

d. $2,850