Question 39 (1 point) Tammy Co. is a wholesaler of electronics. It purchased 1,200 units of Product X for $600 each during 2020. The selling price during the year was $800 per unit. At year end, it had 200 units on hand and due to changes in technology, the selling price will have to be reduced by 25% in order to sell them. The value of each unit of Product X for the year-end inventory presentation should be 1) $600.00 2) $280.00 3) $520.00 4) $800.00