Pharoah Company sells three different products. The following information is available on December 31: Inventory item X Units 370 Cost per unit $5.00 $2.00 $4.00 Market value per unit $4.50 $2.00 $5.00 Y 740 Z 1860 After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Pharoah total ending inventory balance be? $10585 $10400 $10770 $12640