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

The Garrett 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 Garrett Corporation above. When valuing the pens, the market value to be used in the lower-of-cost-or- market comparison is

A) $22,200.
B) $31,200.
C) $16,800.
D) $18,800.