Iris Company Has Provided the Following Information Regarding Two of Its

Multiple Choice

Iris Company has provided the following information regarding two of its items of inventory at year-end: • There are 100 units of Item A,having a cost of $20 per unit,a selling price of $24 and a cost to sell of $6 per unit.
• There are 50 units of Item B,having a cost of $50 per unit,a selling price of $56 and a cost to sell of $4 per unit.
How much is the ending inventory using lower of cost or net realizable value?

A) $4,100.
B) $4,300.
C) $4,400.
D) $4,500.