JimBO Corporation sells three different products. The following information is available on December 31:

X 300 units, $4.00 cost, $3.50 market price

Y 600 units, $2.00 cost, $2.50 market price

When applying the lower of cost or market rule to each item, what will JimBO's total ending inventory balance be?

	$2,250
	$2,400
	$2,550
	$2,700