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#.5.6 Help Save Exit Sub A company's normal selling price for its product is $26 per unit. However, due to market competition, the selling price

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#.5.6 Help Save Exit Sub A company's normal selling price for its product is $26 per unit. However, due to market competition, the selling price has fallen to $21 per unit. This company's current FIFO inventory consists of 260 units purchased at $22 per unit. Net realizable value has fallen to $19 per unit Calculate the value of this company's inventory at the lower of cost or market Multiple Choice $5.450 $5.20 $5.040 54890 $400 o $ 4 3 5 6 7 9 { E R T 0 Y U S D F G . L J K

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