Martha, Inc. had 22,000 units of ending inventory that were recorded at the cost of $9.00 per unit using the FIFO method. The current replacement cost is $4.75 per unit. Which of the following amounts would be reported as ending Merchandise Inventory on the balance sheet using the lowerofcostormarket rule?

A.

$198,000

B.

$302,500

C.

$104,500

D.

$220,000