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Merle Industries had been selling its product for $ 2 4 per unit, but recently lowered the selling price to $ 1 7 per unit.

Merle Industries had been selling its product for $24 per unit, but recently lowered the selling price to $17 per unit. The company's current inventory consists of 210 units purchased at $20 per unit. The market value of this inventory is currently $15 per unit. At what amount should the companys inventory be reported on the balance sheet?
Multiple Choice
$5,040
$3,150
$3,570
$4,200

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