A company's normal selling price for its product is \$23 per unit. However, due to market competition, the selling price has fallen to \$18 per unit.
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# A company's normal selling price for its product is \$23 per unit. However, due to market competition, the selling

price has fallen to \$18 per unit. This company's current FIFO inventory consists of 230 units purchased at \$19 per unit. Net realizable value has fallen to \$16 per unit. Calculate the value of this company's inventory at the lower of cost or market.

a. \$3,780

b. \$3,630

c. \$4,370

d. \$4,140

e. \$3,680

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