Martha, Inc. had

24 comma 000

units of ending inventory that were recorded at the cost of

$ 8.00

per unit using the FIFO method. The current replacement cost is

$ 4.00

per unit. Which of the following amounts would be reported as ending Merchandise Inventory on the balance sheet using the

lowerminus

ofminuscostminusorminus

market

rule?

A.

$ 192 comma 000

B.

$ 288 comma 000

C.

$ 216 comma 000

D.

$ 96 comma 000