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A company normally sells its product for $24 per unit. However, the selling price has fallen to $19 per unit. This company's current Inventory

A company normally sells its product for $24 per unit. However, the selling price has fallen to $19 per unit. This company's current Inventory consists of 160 units purchased at $20 per unit. Replacement cost has now fallen to $17 per unit. Calculate the value of this company's Inventory at the lower of cost or market. $3,040. $2,720. $2,820. O $3,200. O $2,670,

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