Business, 07.04.2020 15:52 nculberson6

Merle Industries had been selling its product for $24 per unit, but recently lowered the selling price to $17 per unit. The company's current inventory consists of 210 units purchased at $20 per unit. The market value of this inventory is currently $15 per unit. At what amount should the company’s inventory be reported on the balance sheet?

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