XYZ IncIs a Wholesaler of Electronics

Multiple Choice

XYZ Inc.is a wholesaler of electronics.It purchased 1,000 units of Product X for $500 each during 2015.The selling price during the year was $750 per unit.At year end, it had 100 units on hand and due of changes in technology, the selling price will have to be reduced by 40% in order to sell them.The value of each unit of Product X for the year-end inventory presentation should be

A) $600.
B) $500.
C) $400.
D) $450.