From the following information, determine the value of inventory in accordance with generally accepted accounting principles.

Cost Net Realisable Value

Item A $1,000 $1,500 Item B $1,300 $ 800 Item C $1,800 $1,300 Inventory recorded on the balance sheet at the end of the financial year would be:

a.

$3,100

b.

$3,600

c.

$4,100

d.

$4,600

e.

$1,500