Assume that a company has the following inventory items and quantities: Inventory Item Cost Market Quantity 160 A $9.00 $10.00 B 280 $11.00 $11.00 $11.00 C 75 $12.00 D 430 $13.00 $11.00 After applying the lower-of-cost-or-market (LCM) method, what is the total inventory that the company has in dollars? This question takes a numeric answer, so do not worry about formatting (do not put dollar signs)