A companys normal selling price for its product is $27 per unit. However, due to market competition, the selling price has fallen to $22 per unit. This company's current FIFO inventory consists of 270 units purchased at $23 per unit. Net realizable value has fallen to $20 per unit. Calculate the value of this company's inventory at the lower of cost or market.

Multiple Choice

• $5,500.

• $5,350.

• $6,210.

• $5,400.

• $5,940.