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Novak Corp. sells three different products. The following information is available on December 31: Inventory item Units 270 540 1350 Cost per unit Market value

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Novak Corp. sells three different products. The following information is available on December 31: Inventory item Units 270 540 1350 Cost per unit Market value per unit $4 $3.00 $2.0 $1.50 $3.0 $3.50 > N When applying the lower of cost or market rule to each item, what will Novak total ending inventory balance be? $5940 $7155 $5670 $6102

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