Taku Company has four products in its inventory. Information about the December 31, 2019, inventory is as follows: Product Total Cost Total Net Realizable Value 101 $100,000 $100,000 102 90,000 110,000 103 60,000 50,000 104 45,000 40,000 Question The book value of inventory at December 31, 2019, assuming the lower of cost and net realizable value rule would be: $295,000 $310,000 $265,000 $280,000