[6] ABC, Inc. has five inventory items on hand at the end of 2014. The year-end unit costs, current
unit selling prices, and estimated disposal (selling) costs for ech of the items are presented below.
The normal profit margin is 20% of selling price.					(8 points)
		ITEM	COST	Selling Price	Estimated Disposal Costs	Replacement Cost
		A	$40.00	$80.00	$5.00	55
		B	$92.00	$95.00	$4.00	97
		C	$75.00	$100.00	$3.00	70
		D	$98.00	$105.00	$4.00	95
		E	$90.00	$120.00	$5.00	92
Prepare an analysis showing the lower of cost or market for each inventory item.