Pharoah Company sells product 1976NLC for $20 per unit. The cost of one unit of 1976NLC is $17, and the replacement cost is $16. The estimated cost to dispose of a unit is $6, and the normal profit is 40% of selling price. At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or- market? $17 O $14. O $16. O $6. NO