A COMPANY'S NORMAL SELLING PRICE FOR ITS PRODUCT IS $29 PER UNIT. HOWEVER, DUE TO MARKET COMPETITION, THE SELLING PRICE HAS FALLEN TO $24 PER UNIT. THIS COMPANY'S CURRENT INVENTORY CONSISTS OF 110 UNITS PURCHASED AT $25 PER UNIT. REPLACEMENT COST HAS FALLEN TO $22 PER UNIT. CALCULATE THE VALUE OF THIS COMPANY'S INVENTORY AT THE LOWER OF COST OR MARKET. A. $2,520. B. $2,750. C. $2,640. D. $2,420. E. $2,370.

Please solve this question

Need help with this question

A company's normal selling price for its product is $26 per unit. However, due to market competition, the selling price has fallen to $21 per unit. This company's current FIFO inventory consists of 260 units purchased at $22 per unit. Net realizable value has fallen to $19 per unit. Calculate the value of this company's inventory at the lower of cost or market. Multiple Choice $4,890. $5,720. $5,040. $5,460. $4.940.

A company normally sells it products for $20 per unit, which includes a profit margin of 25%. However, theselling price has fallen to $15 per unit. This company's current inventory consists 200 units purchased at $16per unit. Replacement cost has now fallen to $13 per unit. Calculate the value of inventory at the lower ofcost or market.a. $2,550.b. $2,600.c. $2,700.d. $3,000.e. $3,200.

Need Correct Answer with calculation and explanation of the question

A company’s normal selling price for its product is $21 per unit. However, due to market competition, the selling price has fallen to $16 per unit. This company's current FIFO inventory consists of 190 units purchased at $17 per unit. Net realizable value has fallen to $14 per unit. Calculate the value of this company's inventory at the lower of cost or market.

A company's normal selling price for its product is $30 per unit. However, due to market competition, the selling price has fallen to $25 per unit. This company's current FIFO Inventory consists. of 300 units purchased at $26 per unit. Net realizable value has fallen to $23 per unit. Calculate the value of this company's inventory at the lower of cost or market. Multiple Choice $6,900. $7,500. $6,850. $7,800. $7,000. MacBook Air

Please answer me

A company normally sells its product for $20 per unit. This company's current inventory consists of 200 units purchased at $16 per unit. Replacement cost has now fallen to $13 per unit. Calculate the value of this company's inventory at a lower cost or market. A) $2,550 B) $2,600 C) $3,000 D) $3,200