Better Buy has six CD players in inventory on December 31.The players were purchased in November for 170 dollars.The price lists from suppliers indicate the current replacement cost of a Cd player to be 168 dollars.What is the effect on gross profit if Better Buy values its ending merchandise inventory using the lower -of-market rule ?

a) The cross profit would decrease by 12dollars

b)The gross profit would not be affected.

c)The cross profit would increase by 2 dollars.

d)The gross profit would increase by 12 dollars