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A companys normal selling price for its product is $29 per unit. However, due to market competition, the selling price has fallen to $24 per
A companys normal selling price for its product is $29 per unit. However, due to market competition, the selling price has fallen to $24 per unit. This company's current inventory consists of 290 units purchased at $25 per unit. Replacement cost has fallen to $22 per unit. Calculate the value of this company's inventory at the lower of cost or market. |
A.) $6,960.
B.) $6,380.
C.) $6,480.
D.) $7,250.
E.) $6,330.
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