A company sells three different products. The following inventory information is available on December 31: Inventory Item Units Cost per unit Market value per unit X 300 $4.00 $3.50 Y 600 $2.00 $1.50 z 1,500 $3.00 $4.00 After applying the lower of cost or market (LCM) rule to inventory, what amount should be reported for total ending inventory on its Dec 31 balance sheet? a $7.950 Ob.56.450 O c. 56,600 d.56,900