Misty, Inc. had 24,000 units of ending inventory that were recorded at the cost of $600 per

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Question:

Misty, Inc. had 24,000 units of ending inventory that were recorded at the cost of $600 per unit using the FIFO method. The current replacement cost is $475 per unit. Which of the following amounts would be reported as Ending Merchandise Inventory on the balance sheet using the lower-of-cost-or-market rule?\r\n