The Kidde Corporation Uses the Lower-Of-Cost-Or-Market Method to Value Inventory

Multiple Choice

The Kidde Corporation uses the lower-of-cost-or-market method to value inventory.Data regarding the items in work-in-process inventory are presented below.

-See information regarding the Kidde Corporation above.The inventory valuation for highlighters using the lower-of-cost-or-market method is

A) $25,600.
B) $29,200.
C) $31,800.
D) $30,000.