Remington Company Sells Product 1976NLC for $40 Per Unit

Multiple Choice

Remington Company sells product 1976NLC for $40 per unit.The cost of one unit of 1976NLC is $36, and the replacement cost is $34.The estimated cost to dispose of a unit is $8, and the normal profit is 40%.At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market?

A) $16.
B) $32.
C) $34.
D) $36.