An analysis of the inventory owned by Owens Company as of the Companys fiscal closing date is shown in the following table.

Assuming Owens applies the lower of cost or market rule on an individual basis, the amount of inventory of the balance sheet would be

An analysis of the inventory owned by Owens Company as of the Company's fiscal closing date is shown in the following table. Market Cost per Value per Item Quantity A 200 B 190 C 400 D 320 Unit $20 $50 $34 $25 Unit $15 $52 $32 $29 Assuming Owens applies the lower of cost or market rule an individual basis, the amount of inventory of the balance sheet would be Multiple Choice $15,800. $33,300. $34,960. $35,500