Identifying a Loss in Applying Lower-of-Cost-or-Net Realizable Value Information related to three products of Adelle Corporation follows. Product A Product B Product C $44 $55 $62 33 44 40 Estimated selling price Original cost (FIFO) Cost of disposal Cost of completion 4 9 7 11 0 4 a. What inventory value is reported in the balance sheet for total inventory under the lower-of-cost- or-net realizable value rule assuming each individual item is evaluated? 0 0 Product A inventory value Product B inventory value Product C inventory value Total inventory value 0 $ 0 b. What inventory value is reported in the balance sheet for total inventory under the lower-of-cost- or-net realizable value rule assuming that the inventory in total is evaluated? Total inventory value $ 0