Consider the following data

Ending inventory at cost --- $115,000

Ending inventory at replacement cost ----- $119,000

Cost of goods sold (before consideration of LCM rule) --- $165,000

Which of the following depicts the proper account balance after the application of the LCM rule?

A. Ending inventory balance will be $119,000

B. Ending inventory balance will be $115,000

C. Costs of goods sold will be $161,000

D. Cost of goods sold will be $169,000