Determine the total value of the following merchandise using net realizable value. Item Quantity Original Cost Selling Price Commission Doll 10 $8 $7 $2 Horse 5 11 9 3 a. $90 b. $35 c. $115 d. $80 Question Content Area If a company values inventory at the lower of cost or market, which of the following is the value of inventory on the balance sheet? Apply the lower-of-cost-or-market method to inventory as a whole. Item Inventory Quantity Unit Cost Price Unit Market Price Product C 420 $ 6 $ 5 Product D 370 12 14 a. $7,700 b. $6,960 c. $6,540 d. $7,280