Crane Company sells product 1976NLC for $30 per unit. The cost of one unit of 1976NLC is $27, and the replacement cost is $26. 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?

$26.

$26.

$27.

$20.