A company had been selling its product for $58 per unit, but recently lowered the...
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Accounting
A company had been selling its product for $58 per unit, but recently lowered the selling price to $34 per unit. The company's current inventory consists of 295 units purchased at $54 per unit. The market value of this inventory is currently $ $32 per unit. At what amount should the companys inventory be reported on the balance sheet?
A.$17,110
B.$10,030
C.$9,440
D.$15,930
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