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A company normally sells its product for $20 per unit. This company's current inventory consists of 200 units purchased at $16 per unit. Replacement cost

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A company normally sells its product for $20 per unit. This company's current inventory consists of 200 units purchased at $16 per unit. Replacement cost has now fallen to $13 per unit. Calculate the value of this company's inventory at the lower of cost or market. A) $2, 550. B) $2, 600. C) $3,000. D) $3, 200

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