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A company's normal selling price for its product is $23 per unit. However, due to market competition, the selling price has fallen to $18 per

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A company's normal selling price for its product is $23 per unit. However, due to market competition, the selling price has fallen to $18 per unit. This company's current FIFO inventory consists of 170 units purchased at $19 per unit. Net realizable value has fallen to $16 per unit Calculate the value of this company's inventory at the lower of cost or market Multiple Choice O 43060. $2820. $3.230. 2670

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