On April 1, a company purchased two units of inventory A and B. The cost of unit A was $670, and the cost of unit B was $560. On April 30, the company had not sold the inventory. The net realizable value of Unit A was now $690 while the net realizable value of unit B Was $490, The adjustment associated with the lower of cost and net realizable value on April 30 will be 50 50 50 50 1. Cost of Goods Sold Inventory 2. Inventory Cost of Goods Sold 3. Cost of Goods Sold Inventory 4. Inventory Cost of Goods Sold 70 70 70 70 Multiple Choice Option 2 O Opuon 3 O Option 1 Option 4 Consider the following information pertaining to ABC's Inventory Product Revolvers Spurs Hats Quantity 13 26 9 Cost $126 23 54 Net Realizable Value $155 18 44 At what amount should ABC report its inventory? Multiple Choice $2.596. $2.879 $2.502 O $2722