Merle Industries had been selling its product for $38 per unit, but recently lowered the selling price to $24 per unit. The company's current inventory consists of 245 units purchased at $34 per unit. The market value of this inventory is currently $22 per unit. At what amount should the company's inventory be reported on the balance sheet? Multiple Choice $9,310 $8,330 $5,390 $5,880 Dron 12 of 25 Mort