An analysis of the inventory owned by Owens Company as of the Company's fiscal closing date is shown in the following table Item A B Quantity 300 100 230 120 Cost Per Unit $30 $50 $44 $25 Market Value Per Unit $27 $55 $40 $30 D Assuming Owens applies the lower-of-cost-or-market rule on an individual basis, the Company would be required to recognize an expense amounting to ssuming Owens applies the lowet-of-cost-or-market rule on an individual basis, the Company would be required to recognize an experise mounting to Multiple Choice 51700 $2.200 52.800