Sandhill Company sells product 2005WSC for $135 per unit. The cost of one unit of 2005WSC is $132, and the replacement cost is $131. The estimated cost to dispose of a unit is $6, and the normal profit is 40%. At what amount per unit should product 2005WSC be reported, applying lower-of-cost-or-market?

$132.

$75.

$129.

$131.