Find the Value of the Following Inventory for TV City

Multiple Choice

Find the value of the following inventory for TV City Inc. using the lower-of-cost-or-market rule. $$\begin{array} { l l l l l l } \text { Item } & \text { Quantity } & \text { Cost } & \text { Market } & \text { Basis } & \text { Amount } \\\text { Portables } & 202 & \$ 2,611 & \$ 2,684 & & \\\text { Combo HD Players } & 203 & 1,784 & 1,682 & \\\text { Projection } & 318 & 1,356 & 1,212 & \\\text { High-definition } & 216 & 1,339 & 1,157 & \\\text { Plasma } & 360 & 1,416 & 936 & \\\hline\end{array}$$

A) $1,841,156
B) $2,224,339
C) $3,563,997
D) $1,212,367