QUESTION 25 Lipton Hardware prepared the following schedule of cost and market per unit information for its three items of merchandise inventory Cost per Unit Market per unit Units 1,000 Item $Aumit $0.60/unit 0.30/unit 1,500 $0.50/unit 0.75/unit What is the value of the inventory if the lower-of-cost-or-market (LCM) rule is applied to each item individually? a. $2.080.00 O b, $1,850.00 O c None of the answers are correct O d.$1,267.50 Oe. $2,580.00