Terps Company carries three lines of sofas. Information about the sofa inventory as of the end of its most recent fiscal year follows. If LCM/NRV is applied to each separate product line, what is the amount of the adjustment that must be made to the company's inventory?

Company Data

Product Line	Cost per Unit	Market Value per Unit	Quantity
Rustic	$700	$725	190
Mediterranean	600	605	300
Contemporary	950	820	275

Group of answer choices

$6,250

($29,500)

($25,500)

($35,750)