QUESTION $23$

The acquisition cost of product BCBG$1$ is $$2\mathrm{.}90.$ The net realizable value for the product is $$2\mathrm{.}50.$ Its normal profit is $$\mathrm{.}20,$ and the replacement cost$)$ is $$2\mathrm{.}60,$ what unit inventory value should be reported for product BCBG$1$ after applying LCNRV$?$

$$2\mathrm{.}90$

$$2\mathrm{.}50$

$$2\mathrm{.}20$

$$2\mathrm{.}40$