While the lower of cost or NRV test should generally be applied on an item-by-item basis, it may be appropriate to group items in which of the below situations? I. Items relate to the same product line and have similar purposes or end uses II. Items are produced and marketed in the same geographical area and cannot be practicably evaluated separately from other items in that product line III. Items relate to the same product line though they have distinctly different end uses None of these options All of these options I and II II and III