The Accountants for Q-Logic Integrated Systems Use the Lower of Cost

The accountants for Q-Logic Integrated Systems use the lower of cost or market (LCM) method to value inventory on the balance sheet in accordance with GAAP rules.The accountants have gathered the following information: At what amount will inventory will be reported on the balance sheet?

A) $400,000
B) $900,000
C) $410,000
D) $630,000