Blossom Inc. is a wholesaler of electronics. It purchased 1300 units of Product X for $700 each during 2022. The selling price during the year was $900 per unit. At year end, it had 200 units on hand and due to changes in technology, the selling price will have to be reduced by 35% in order to sell them. The value of each unit of Product X for the year-end inventory presentation should be

a) $315.

b) $700.

c) $585.

d) $900.