A Company Values Its Inventory at Lower of Cost and Net

Multiple Choice

A company values its inventory at lower of cost and net realizable value (NRV) .It paid $250 for, and still has on hand, 10 units that it expects to sell for $400 less selling costs of $40.Which of the following statements is true related to these goods in this period?

A) The company recognizes $400 of selling costs.
B) The inventory is valued at $2,100.
C) The inventory is valued at $2,500.
D) The inventory is valued at $3,600.