Use the below information about Item X of inventory at December 31, 2021 for the question:

Historical cost	$47
Selling price	53
Selling costs		5
Replacement cost		45
Normal profit margin		17
Number of Item X Units on hand		1,000
Existing Recorded LCNRV Reserve		$1,000

The LCNRV unit value for the inventory item is:

		47
		45
		41
		48