Carlsberg Corporation Has 1,000 Units of Product#1and 2,000 Units of Product#2

Multiple Choice

Carlsberg Corporation has 1,000 units of product#1and 2,000 units of product#2 in its inventory at December 31, 2011.Specific data with respect to each product follows: $\begin{array}{lrrr}&\text { Produc\#1 }&\text { Produc\#2 }\\\text { Historical cost } & \text { CHF40 } & \text { CHF70 } \\\text { Net realizable value } & 45 & 54\end{array}$
What amount will be reported on the company statement of financial position at December 31,2011 for ending inventory using lower-of-cost-or-net realizable value?

A) CHF110,000.
B) CHF144,000.
C) CHF148,000.
D) CHF153,000.