A company manufactures and distributes replacement parts for various industries. As of December 31, year 1, the following amounts pertain to the company’s inventory:| Item | Cost | Net replacement cost | Sale price | Cost to sell or dispose | Normal profit margin | | Blades | $41,000 | $ 38,000 | $ 50,000 | $ 2,000 | $15,000 | | Towers | 52,000 | 40,000 | 54,000 | 4,000 | 14,000 | | Generators | 20,000 | 24,000 | 30,000 | 2,000 | 6,000 | | Gearboxes | 80,000 | 105,000 | 120,000 | 12,000 | 8,000 |
What is the total carrying value of the company's inventory as of December 31, year 1, under IFRS?
A. $178,000
B. $191,000
C. $193,000
D. $207,000
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