Nelson Corporation sells three different products. The following information is available on December 31: Inventory Item Units Cost per unit Market value per unit 100 $4.00 $3.50 200 $2.00 $1.50 Z 500 $3.00 $4.00 When applying the lower of cost or market rule to each item, what will Nelson's total ending inventory balance be? $2,300 $2.150 $2,650 $2,200