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Millie's Galaxy Earbuds normal selling price for its Earbuds is $25 per unit. However, due to market competition, the selling price has fallen to $20

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Millie's Galaxy Earbuds normal selling price for its Earbuds is $25 per unit. However, due to market competition, the selling price has fallen to $20 per set of Earbuds. Net realizable value has fallen to $18 per set of Earbuds. Millie's Galaxy Earbuds current FIFO inventory consists of 250 Earbuds purchased at $21 per set of Earbuds. Calculate the value of Mile's inventory at the lower of cost or market. Murple Choice $5.250 55.000 $4.500 $4600 54.450

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