Landers, Inc has 10 units in inventory on Docember 31. The units were purchased in November for $200 each The price ists from suppliers indicate the curmont roplacement cost of the item to bo $188 each What is the effect on gros profit if Landers values its ending merchandise inventory using the lower-of-st-or-market rule? O A. The gross profit would not be atfected O 8. The gross profit would decrease by $20 O C. The gross profit would increase by $20 O D. The gross proft would increase by $2 Click to select your