Charles Corp. has leased a mine from which it recently extracted $2,000$ kilograms of bauxite $($a mineral used in producing aluminum$).$ Charles Corp. plans to sell the bauxite to aluminum manufacturers. Charles Corp. is analyzing whether its bauxite inventory can be carried at its selling price per ASC $330-10-35-16($b$).$ Assume that quoted market prices are generally available for bauxite, and that the market for bauxite is active.