Kane Limited's Most Popular Inventory Item Was Purchased at a Cost

Kane Limited's most popular inventory item was purchased at a cost of $22 and can currently be replaced at a cost of $15.The item sells for $25, and the company incurs $5 in selling cost on each item sold.If 4,000 units are on hand at year-end, what is the value of the ending inventory using the lower of cost and market, where the company defines market as net realizable value?

A) $48,000
B) $60,000
C) $80,000
D) $100,000