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Inventory information for Paddington Corporation is as follows: FIFO Cost Net Realizable Value Category: Supreme...

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Inventory information for Paddington Corporation is as follows: FIFO Cost Net Realizable Value Category: Supreme Item A Item B Item C Category: Classic Item X Item Y Item z $3,500 4.500 11,000 $3,000 4.800 10.500 18,000 22,000 35,000 19.000 26.000 33,000 What is the total lower-of-cost-or-net realizable value of Paddington's December 31, 2020, inventory applying the rule 10 each indivipual item? a) $93,300 b) $92,500 c) $96,300 O d) $91,000

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