Given the following data, what is the cost of the inventory using the lower-of-cost-or-market method applied to individual items? Item Quantity Unit Cost Unit Market Price 200 $4.40 $4.10 2 800 $3.30 $3.50 200 $7.20 $7.30 1,000 $2.00 $2.26 O $7,340 O $6,960 O $7,280 $6,900