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TURE Page Page 5 of 5 Question 5 (1 point). One inventory item has a sales price of $28 and selling expenses of $7.

TURE Page Page 5 of 5 Question 5 (1 point). One inventory item has a sales price of $28 and selling expenses of $7. The replacement cost of the item is $12 and the original cost was $27. If there are 2,000 units on hand, at what amount will inventory be recorded on the balance sheet? $54000 $24000 $42000 $40000 Next Page Page 5 of 5

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