per Unit Jake Stone Company evaluated its inventory using the Lower of Cost or Market method. If the Lower of Cost or Market was applied to the following items, what should the total inventory value be? Inventory Cost per Market value Total Total Item Quantity Unit Cost Market 300 $15.00 $14.50 $4,500 $4,350 200 $14.00 $15.00 $2,800 $3,000 $17.00 $17.50 $1,700 $1,750 100