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Cheyenne Corp. sells three different products. The following information is available on December 31: Inventory item X Y Z Units 260 530 1320 Cost per

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Cheyenne Corp. sells three different products. The following information is available on December 31: Inventory item X Y Z Units 260 530 1320 Cost per unit $3.50 $2.00 $3.00 Market value per unit $3,00 $1.50 $3.50 After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Cheyenne total ending inventory balance be? $5930 $5800 O $7000 $5535

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