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 $1,200, $5,300,$6,000, and $1,700, respectively. They also had NRV s of $1,300,$4,800,$7,500, and $1,000, respectively. Which of the following is true? None of the statements are true The total amount of write-down if the company prices inventory on a category basis is $400 The total amount of write-down if the company prices inventory as a whole is $0 The total amount of write-down if the company prices inventory on an item-by-item basis is $1,600