Question: On December 3 1 , 2 0 2 2 , Cruise Company has 1 3 , 0 0 0 units of an inventory item, which

On December 31,2022, Cruise Company has 13,000 units of an inventory item, which costs $41 per unit when purchased on June 15,2022. The selling price was $76 per unit. On December 30,2022, it was determined that the cost to sell is $45 per unit. At what amount should the 13,000 units of inventory be reported on the December 31,2022 balance sheet?
Multiple Choice
$988,000.
$533,000.
$403,000.
$585,000.

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