7. A company has four products (E, F, G, H) and has 100 units of each in stock. The cost (Cost) and net realisable value (NRV) of each of the products are as follows: Product Cost NRV E $10 $7 F $8 $7 G $8 $9 H $6 $10 What should the value of inventory in the balance sheet be according to the Lower of Cost or NRV rule? a) $3,200 b) $2,800 c) $3,700 d) none of the above