Company X has two categories of products: Category A, which includes Item 1 and Item 2, and Category B, which includes Item 3 and Item 4. Item 1, 2, 3, and 4 had costs of $10,000, $12,000, $11,300, and $21,200, respectively. They also had NRVs of $11,000, $11,300, $10,000, and $21,300, respectively. Which of the following is true?

Group of answer choices

The total amount of write-down if the company prices inventory on an item-by-item basis is $2,000

The total amount of write-down if the company prices inventory on a category basis is $300

The total amount of write-down if the company prices inventory as a whole is $0

None of the above