Question 27 (1 point) Flickerman Inc. needs to value it's inventory on December 31, 2022. The company has two type of products, for which certain information is provided below. Normal Estimated Expected Profit Original Replacement Selling Selling Margin Product A Cost Cost Cost Price $34.00 $32.00 $16.50 $50.00 $10.00 B $52.00 $50.00 $20.00 $58.00 $14.50 Use the lower-of-cost-or-market approach on an individual-item basis to compute the inventory valuation that should be reported for Product B on December 31, 2022. a) $50.00 b) $52.00 c) $38.00 d) $23.50