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49. Tuba Inc. is a wholesaler of electronics. lt purchased 1,000 units of Product X for $500 each during 2013. The selling price during the

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49. Tuba Inc. is a wholesaler of electronics. lt purchased 1,000 units of Product X for $500 each during 2013. The selling price during the year was $750 per unit. At year end, it had 100 units on hand and due of changes in technology, the selling price will have to be reduced by 40% in order to sell them. The value of each unit of Product X for the year-end inventory presentation should be A. $600. B. $500. C. $400. g $450

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