At the end of the year, a company finds that part of its inventory has been damaged. This inventory first cost $2000 and, at present, would cost $1900 to replace. It would usually be sold for $2400, but it can now be sold only for $2200 if repairs costing $400 are carried out. What amount should the damaged inventory be reported at in the financial statements?
- A$1800
- B$1900
- C$2000
- D$2200