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Castie TV, incorporated purchased 1,600 monitors on January 5 at a per-unit cost of $140, and another 1,600 units on january 31 at a per-unit

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Castie TV, incorporated purchased 1,600 monitors on January 5 at a per-unit cost of $140, and another 1,600 units on january 31 at a per-unit cost of $254. in the period from February 1 theogh yeaf-end, the company sold 3,000 units of this product. At year-end, 200 units remained in inventory. Astume that the repiacement cost of this monitor at year-end is $244 per unit. Using the first-in, first-out (FFFO) fiow assumption and the lower-of-cost-or-market rule, Castie TV ahould Write down the carrying value of this inventory by: Multiple Choice $1,000 $3,000 12.000 so

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