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A company had been selling its product for $28 per unit, but recently lowered the selling price to $19 per unit. The company's current inventory

A company had been selling its product for $28 per unit, but recently lowered the selling price to $19 per unit. The company's current inventory consists of 220 units purchased at $24 per unit. The market value of this inventory is currently $ $17 per unit. At what amount should the companys inventory be reported on the balance sheet?

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