Babal IncIs a Wholesaler of Electronics

Babal Inc.is a wholesaler of electronics.It purchased 1,200 units of Product X for $600 each during 2022.The selling price during the year was $800 per unit.At year end, it had 200 units on hand and due to changes in technology, the selling price will have to be reduced by 35% in order to sell them.The value of each unit of Product X for the year-end inventory presentation should be

A) $600.
B) -$600.
C) $280.
D) $520.

Correct Answer:

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