A companys normal selling price for its product is $21 per unit. However, due to market competition, the selling price has fallen to $16 per unit. This company's current inventory consists of 210 units purchased at $17 per unit. Replacement cost has fallen to $14 per unit. Calculate the value of this company's inventory at the lower of cost or market.

• $3,040.

• $3,360.

• $2,940.

• $2,890.

• $3,570.