The following data relates to Bands Are Us. Inc. for the year ended December 31, 2015:

Ending inventory at cost.........................$54,000

Ending inventory at NRV........................$52,700

Ending inventory at fair value...................$59,000

COGS before any adjustment for NRV........$67,000

Which of the following is the adjusted COGS balance for Bands Are Us. Inc. after NRV adjustment?

$65,700

$68,300

$67,000

$72,000

$62,000