Assume that Barker Bikes, Inc. is currently preparing financial statements and holds two bicycles in ending inventory. Model No. 5 cost the company $360 while Model No. 9 cost $480. As mentioned, Model No. 5 now has a replacement cost of only $120. Because of market conditions, the exact sales value is uncertain. The other unit, Model No. 9, has been damaged and can only be sold for $500 after $100 is spent for necessary repairs. This inventory has a cost of $840 ($360+$480). What should Barker report for its asset inventory? $520 $600 O $760 O $840