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Apogee Group purchases for resale 2,000 calculators for $16 each. At year end, the estimated selling price is $19, and the disposal cost is $4.

Apogee Group purchases for resale 2,000 calculators for $16 each. At year end, the estimated selling price is $19, and the disposal cost is $4. If Apogee uses LCNRV costing by item, at what amount will the calculators be reported on the balance sheet?

$40,000

$34,000

$30,000

$24,000

$26,000

$32,000

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