8. A company uses the LIFO inventory method and accounts for inventory at year-end using the lower-of- cost-or-market approach on an individual-item basis. Inventory information for the company is as follows: Item Product A Product B Product C Quantity Cost per Unit 1250 $63.00 940 $33.00 1000 $38.00 Cost to Replace $66.00 $25.00 $41.00 Estimated Cost of Selling Price Completion Normal Profit $100.00 $40.00 $25.00 $56.00 $13.00 $15.00 $63.00 $9.00 $15.00 Calculate the carrying amount of the inventory at year-end (7 pts)