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Question 28 of 40 View Policies < > R -/2.5 ! Current Attempt in Progress Ivanhoe Company sells product 1976NLC for $30.00 per unit.

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Question 28 of 40 View Policies < > R -/2.5 ! Current Attempt in Progress Ivanhoe Company sells product 1976NLC for $30.00 per unit. The cost of one unit of 1976NLC is $27, and the replacement cost is $26.00. The estimated cost to dispose of a unit is $5.00, and the normal profit is 40% of the selling price. At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market? O $27.00. O $25.00. O $26.00 O $13.00.

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