A companys normal selling price for its product is $22 per unit. However, due to market competition, the selling price has fallen to $17 per unit. This company's current inventory consists of 180 units purchased at $18 per unit. Replacement cost has fallen to $15 per unit. Calculate the value of this company's inventory at the lower of cost or market.

a. $2,700.

b. $2,650.

c. $3,240.

d. $3,060.

e. $2,800.