The Inventory on Hand at Year-End for Golen Enterprises Is

Multiple Choice

The inventory on hand at year-end for Golen Enterprises is: $\begin{array}{lcccc}\text { Inventory } & \text { Number } & \text { Original } & \text { Current Net } & \text { Current } \\\text { Item } & \text { of Units } & \text { Unit Cost } & \text { Selling Price } & \text { Replacement }\\&&&\text { per Unit } & \text { Cost per Unit } \\&&\$&\$&\$\\\mathrm{A} & 10 & 40 & 60 & 50 \\\mathrm{~B} & 8 & 70 & 60 & 65\end{array}$ At what amount should Golen report ending inventory if the lower of cost or net realisable value rule is applied to individual items?

A) $960
B) $880
C) $1020
D) $1160