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Question(s) / Instruction(s):

A company normally sells its product for $20 per unit. However, the selling price has fallen to $10 per unit. This companys current inventory consists of 900 units purchased at $17 per unit. Replacement cost has now fallen to $5 per unit. Calculate the value of this companys inventory at the lower of cost or market.
a)   $9,000
b)   $18,000
c)   $4,500
d)   $15,300
e)   $5,250

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