ending inventory was $103,700 at cost and $111,500 at current replacement cost. Before consideration of the lower-of-cost cost of goods sold was $63,000. Following U.S. GAAP, which of the following statements roflect the correct O A. The Ending Inventory balance wil b $111,500,and Cost of Goods Sold will be $55.200 O B. The Ending Inventory balance will be $103,700, and Cost of Goods Sold will be $63,000. O C. The Ending Inventory balance will bo $111,500, and Cost of Goods Sold will be $63,000. O D. The Ending Inventory balance will be $111,500, and Cost of Goods Sold will be $70,800