On December 31, 2016, Cruise Company Has 10,000 Units of an Inventory

Multiple Choice

On December 31, 2016, Cruise Company has 10,000 units of an inventory item, which cost $40 per unit when purchased on June 15, 2016. The selling price was $60 per unit. On December 30, 2016 it was determined that disposal cost was $24 per unit. At what amount should the 10,000 units of inventory be reported at on the December 31, 2016 balance sheet?

A) $400,000.
B) $360,000.
C) $160,000.
D) $40,000.