Bass uses lower-of-cost-or-market to account for the B47AB item in its inventory. The selling price of Bass Group's item B47AB is $26 per unit. Its (historical) cost is $21 and its replacement cost is $22. The disposal cost (cost to sell) of a B47AB is estimated at $2. The normal profit margin on a B47AB is 40% of selling price. At what value per unit should Bass report this item in its inventory, after applying lower-of-cost-or-market?

		$20.00
		$21.00
		$19.00
		$13.60