Welsh Company Purchased an Item for Inventory That Cost $10

Multiple Choice

Welsh Company purchased an item for inventory that cost $10 per unit and was marked to sell at $14.It was determined that the replacement cost is $9 per unit.No purchases in the near future are anticipated.Using the lower of cost and net realizable value rule,what is the per unit valuation for inventory?

A) $9.00
B) $10.00
C) $12.00
D) $14.00