Question: Please solve the question in the image. Castle TV, Incorporated purchased 1,600 monitors on January 5 at a per-unit cost of $140, and another 1,600

Please solve the question in the image.

Castle TV, Incorporated purchased 1,600 monitors on January 5 at a per-unit cost of $140, and another 1,600 units on January 31 at a per-unit cost of $254. In the period from February 1 through year-end, the company sold 3,000 units of this product. At year-end, 200 units remained in inventory. Assume that the replacement cost of this monitor at year-end is $244 per unit. Using the FIFO flow assumption and the lower-of-cost-or-market rule, Castle TV should write down the carrying value of this inventory by: Multiple Choice $0. $1,000. $2,000 $3,000

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