A company's normal selling price for its product is $24 per unit. However, due to market competition, the selling price has fallen to $19 per unit. This company's current FIFO inventory consists of 160 units purchased at $20 per unit. Net realizable value has fallen to $17 per unit Calculate the value of this company's inventory at the lower of cost or market. Multiple Choice $2720 $3.040 $2.820 $3200 $2,670