Suppose that Pharoah Corporation sells three different products. The following information is available on December 31: Inventory Item Units Cost per unit Net realizable value per unit X 320 $4.30 $4.00 650 $2.00 $1.50 Z 1620 $3.00 $4.50 After applying the lower-of-cost-or-net-realizable-value rule to each item, what amount will be reported for ending inventory? O $7216 O $8735 O $7115 O $7536