Hagger Sounds Inc. has accumulated the following cost and net realizable value (NRV) data on March 31:

Using the lower of cost and NRV, calculate the LCNRV of the ending inventory.

a) $140,000

b) $128,000

c) $130,000

d) $120,000

Cost Data NRV Data Stereos Radios DVDs S 48,000 40,800 38,000 51200 $120000 $130000 36,000 56,000