Better Buy Has Six CD Players in Inventory on December

Multiple Choice

Better Buy has six CD players in inventory on December 31.The players were purchased in November for $170.Price lists from Better Buy's supplier indicate that the same CD player would now cost the company $168.The current sales price for each of the CD players is $320.What would be the amount reported as Inventory on the balance sheet?

A) $1,008
B) $1,035
C) $1,020
D) $1,920