Question 16 Not yet answered Points out of 2.00 Flag question Use the following data to determine the amount that total inventory should be reported on the balance sheet under the lower of cost or net realizable-value rule, applied on an individual item basis Commodity Inventory Quantity Unit Cost Price Unit Net Realizable Value 200 $9 $11 $12 $10 $10 100 $12 Select one: a $6,600 b. 55.900 CC $6,000 d. $6,700