ALOHA Company determined the following information for an inventory at year end. Historical Cost P 2,000,000 Current Replacement Cost P 1,400,000 Net Realizable Value P 1,800,000 Net Realizable Value...

ALOHA Company determined the following information for an inventory at year end.

Historical Cost P 2,000,000
Current Replacement Cost P 1,400,000
Net Realizable Value P 1,800,000
Net Realizable Value less a normal profit margin P 1,700,000
Fair Value P 1,900,000

What amount should be reported as inventory at year end?
a. P 1,400,000
b. P 1,700,000
c. P 1,800,000
d. P 1,900,000