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A company has three categories of inventory in stock: Category Cost Market value Tin $22,000 $19,600 Stainless steel 17,000 18,500 Aluminum 26,500 28,600 Apply the

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A company has three categories of inventory in stock: Category Cost Market value Tin $22,000 $19,600 Stainless steel 17,000 18,500 Aluminum 26,500 28,600 Apply the lower of cost or market rule to determine the company's ending inventory O $65,500 O $66,700 O $65,200 O $63,100 $56,500

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