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Suppose that Lowes Corporation sells three different products. The following information is available on December 31: Inventory Item X Y Z Net realizable value

Suppose that Lowes Corporation sells three different products. The following information is available on 

Suppose that Lowes Corporation sells three different products. The following information is available on December 31: Inventory Item X Y Z Net realizable value per unit $3.50 $1.50 $4.00 After applying the Lower-of-Cost-or-Net Realizable Value rule to each item, what amount will be reported for ending inventory? A) $6,900 B) $6,450 OC) $7,950 D) $6,600 Units 300 600 1,500 Cost per unit $4.00 $2.00 $3.00

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