ris Company has provided the following information regarding two of its items of inventory at year-end:

There are 160 units of Item A, having a cost of $18 per unit, a selling price of $22 and a cost to sell of $6 per unit.

There are 110 units of Item B, having a cost of $48 per unit, a selling price of $54 and a cost to sell of $4 per unit.

How much is the ending inventory using lower of cost or net realizable value on an item-by-item basis?

$7,840.

$8,160.

$8,710.

$8,390.