XYZ Inc.is a wholesaler of electronics.It purchased 1,000 units of Product X for $500 each during 2015.The selling price during the year was $750 per unit.At year end, it had 100 units on hand and due of changes in technology, the selling price will have to be reduced by 40% in order to sell them.The value of each unit of Product X for the year-end inventory presentation should be
A)$600.
B)$500.
C)$400.
D)$450.

Question

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The Answer of XYZ Inc.is a wholesaler of electronics.It purchased 1,000 units of Product X for $500 each during 2015.The selling price during the year was $750 per unit.At year end, it had 100 units on hand and due of changes in technology, the selling price will have to be reduced by 40% in order to sell them.The value of each unit of Product X for the year-end inventory presentation should be
A)$600.
B)$500.
C)$400.
D)$450.

XYZ IncIs a Wholesaler of Electronics