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Assume that a company has the following inventory items and quantities: Cost Inventory Item A Market Quantity 400 B 320 $11 $22 $50 $8 $30

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Assume that a company has the following inventory items and quantities: Cost Inventory Item A Market Quantity 400 B 320 $11 $22 $50 $8 $30 180 D $70 $180 25 $200 After applying the lower-of-cost-or-market (LCM) method, what is the total inventory that the company has in dollars? $283 $288 $925 O $23,740 O $25440 $27,670 $29.900

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