Misty,Inchad 24,000 Units of Ending Inventory That Were Recorded at the Cost

Misty,Inc.had 24,000 units of ending inventory that were recorded at the cost of $8.00 per unit using the FIFO method.The current replacement cost is $4.50 per unit.Which of the following amounts would be reported as Ending Merchandise Inventory on the balance sheet using the lower-of-cost-or-market rule?

A) $192,000
B) $300,000
C) $216,000
D) $108,000