5. Yang Company purchased 2,000 widgets and has 400 widgets in its ending inventory at a cost of
$90 each and a current replacement cost of $70 each. The net realizable value of each unit in the
ending inventory is $80. The ending inventory under lower-of-cost-or-market is:
(a) $36,000.
(b) $32,000.
(c) $28,000.
(d) None of the above.