Jupiter Corp. has the following information available regarding one of its inventory products at 12/31/X1: Description Per unit: Original cost $ 205 Replacement cost $ 170 Net realizable value (ceiling) $ 200 Floor $ 180 Required: Answer the following two questions. Question #1: If Jupiter uses the lower-of-cost-or-net-realizable-value (LCNRV) inventory valuation method, what should be the per-unit cost of this inventory used for financial reporting purposes? Answer: $Answer 1 Question 7 200 Question #2: If Jupiter uses the lower-of-cost-or-market (LCM) inventory valuation method, what should be the per-unit cost of this inventory used for financial reporting purposes? Answer: $Answer 2 Question 7 180