At Hawkeye Security the basic professional grade security system has a cost of $812, a replacement cost of $775, a net realizable value of $800, and a normal profit margin of $50. Hawkeye Security would record ___ as the inventory value for this product using the lower-of-cost-or-market rule.

• A :

  $762

• B :

  $775

• C :

  $800

• D :

  $812