The condensed separate and consolidated balance sheets of Alpha Corporation and its subsidiary, Bita Company, on the date of their business combination, includes inventories of Alpha $150,000, inventories of Bita $120,000 and inventories consolidated $250,000, Indicates that:

a.

Excess of the carrying amount of Alpha inventories over fair value.

b.

Excess of fair value of Alpha inventories over carrying amount.

c.

Excess of the carrying amount of Bita inventories over fair value.

d.

Excess of fair value of Bita inventories over carrying amount.