On December 31,2019,Cruise Company Has 10,000 Units of an Inventory

Multiple Choice

On December 31,2019,Cruise Company has 10,000 units of an inventory item,which cost $40 per unit when purchased on June 15,2019.The selling price was $60 per unit.On December 30,2019,it was determined that the cost to sell is $24 per unit.At what amount should the 10,000 units of inventory be reported at on the December 31,2019 balance sheet?

A) $400,000.
B) $360,000.
C) $160,000.
D) $40,000.