Basic inventory data for Granite Company as of June 30 are presented below:

Item	Quantity	Unit Cost	Unit NRV
Sporting Goods:
Baseballs	20	$ 72	$ 64
Footballs	40	$220	$232
Basketballs	10	$ 80	$100
Electronics:
CD Players	20	$328	$300
DVD Players	30	$232	$220

Assume Granite Company applies the lower-of-cost-or-net realizable value method for the inventory by major category. Determine the amount of inventory adjustment required at the end of the year.

Select one:

A. $(920)

B. $1,440

C. $(400)

D. $520