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Question 15 A company has three categories of inventory in stock: Category Cost Market value Pine $57,000 $50,000 Maple 40,000 37.000 Walnut 80,000 86,000 Apply

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Question 15 A company has three categories of inventory in stock: Category Cost Market value Pine $57,000 $50,000 Maple 40,000 37.000 Walnut 80,000 86,000 Apply the lower of cost or market rule to determine the company's ending inventory. $173,000 O $167,000. O $175,000. O $177,000. O $170,000

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