A company has the following per unit original costs and replacement costs for its inventory: Part A: 40 units with a cost of $4.00, and replacement cost of $3.50 Part B: 70 units with a cost of $5.00, and replacement cost of $5.50 Part C: 170 units with a cost of $2.00, and replacement cost of $1.50 Under the lower of cost or market method, the total value of this company's ending inventory must be reported as:

a. $780.00

b. $745.00

c. $850.00

d. $780.00 or $745.00, depending upon whether LCM is applied to individual items or to the inventory as a whole

e. $850.00 or $745.00, depending upon whether LCM is applied to individual items or to the inventory as a whole