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Pal Distributers Inc. values its inventory on an LCM basis. The following data came from...

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Accounting

Pal Distributers Inc. values its inventory on an LCM basis. The following data came from the 2020 inventory, which consisted of two items:Item # 2530Item # 2533Original cost$12,000$15,000Selling price15,00026,000Estimated selling costs5,00010,000Replacement cost13,00015,000Normal profit margin1,5001,000Reference: Ref 7-3The appropriate carrying value for the entire inventory when applying the LCM rule using net realizable value on an item-by-item basis would beSelect one: A. $28,000.B.$27,000.C.$25,000.$26,000.

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