Find the ending inventory value of product x on statement

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Question 1: Nest Inc. is a wholesaler of electronics. It purchased 1,200 units of Product X for $600 each during 2019. The selling price during the year was $800 per unit. At year end, it had 200 units on hand; due to advances in technology, the selling price will have to be reduced by 35% in order to sell them. The ending inventory value of Product X on the statement of financial position as at December 31, 2019 should be

Option 1: $312,000.

Option 2: $104,000.

Option 3: $416,000.

Option 4: $145,600.

Option 5: None of the above

Reference no: EM132495135

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