KitchenArt Co. usually purchases its mixer inventory from Johnson Company every quarter and each quarter KitchenArt purchases 500 mixers. Johnson's whole sale price for each mixer is $35. On November 15, 2014, KitchenArt received an offer from Allison Company who offered $25 for each mixer if KitchenArt purchases 2,000 mixers or more from Allison. KitchenArt still had 1,000 mixer in its inventory on November 15, 2014. Which of the following statement is NOT true?

KitchenArt does not need to write down its ending inventory.

Johnson is KitchenArt's usual supplier.

The $25 price cannot be regarded as the market price for the mixer.

KitchenArt should write down its ending inventory according to LOCM.