At Year-End, the Appliance Shop Has a Freezer on Hand

Multiple Choice

At year-end, The Appliance Shop has a freezer on hand that has been used as a demonstration model. The freezer cost $390 and sells for $750 when new. In its present condition, the freezer will be sold for $380. Related selling costs are an estimated $20.
At what amount should the freezer be carried in inventory?

A) $375
B) $380
C) $360
D) $400
E) None of the above