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Marigold Corp. sells three different products. The following information is available on December 31: Inventory...

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Accounting

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Marigold Corp. sells three different products. The following information is available on December 31: Inventory item Units Cost per unit Market value per unit 250 $3 $3.00 500 $2.0 $1.50 1260 $3.0 $3.50 When applying the lower of cost or market rule to each item, what will Marigold total ending inventory balance be? $5530 $5630 $6670 $5280

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