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A company had been selling its product for $36 per unit, but recently lowered the selling price to $23 per unit. The company's current inventory

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A company had been selling its product for $36 per unit, but recently lowered the selling price to $23 per unit. The company's current inventory consists of 240 units purchased at $32 per unit. The market value of this inventory is currently $ $21 per unit. At what amount should the company's inventory be reported on the balance sheet? Multiple Choice $5,520 $5,040 $8,640 $7,680

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