Coronado Company sells two types of inventory, MP3 players and Blu Ray players. The MP3 players originally cost $2,250 and have a net realizable value $1,075 while the Blu Ray players had an original cost of $500 and have a net realizable value of $700. Calculate the year end adjustment to inventory when applying the lower of cost and net realizable value on an item by item basis. Select one: A. $2,950 B. $1,112 C. $375 D. $1,175 E. $1,575