FIFO Cost Net Realizable Value Category: Supreme Item A $3,500 $3,000 Hem B 4,500 4,800 Item C 11,000 10,500 Category Classic Item X 18,000 19,000 Item Y 22,000 26,000 Item z 35,000 33,000 What is the total lower-of-cost-or-net realizable value of Paddington's December 31, 2020, Inventory applying the rule to each individual item? a) $91,000 b) $92,500 c) $93,300 d) $96,300