Blossom Company sells product 1976NLC for $15 per unit. The cost of one unit of 1976NLC is $17, and the replacement cost is $16. The estimated cost to dispose of a unit is $4, and the normal profit is 20% of selling price. At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market?

$17.

$8.

$16.

$11.