The following data refer to Chavis Company’s ending inventory: Item code Quantity Unit Cost Unit Market Small Shirts 45 $32 $38 Medium Shirts 60 46 44 Large Shirts 65 42 40 Extra-Large Shirts 35 54 53 Determine the cost of ending inventory if the lower of cost or market rule is applied on an individual item basis.

A. $8,535

B. $8,805

C. $8,812

D. $8,814

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