CALCULATOR PRINTER VERSION BACK Question 9 The December 31, 2020 inventory of Sheridan Company consisted of four products, for which certain information is provided below. Product Original Cost $28.00 $40.00 $134.00 $19.00 Replacement Cost $26.00 $38.00 $129.00 $15.80 Estimated Expected Disposal Cost Selling Price $5.00 $44.00 $10.00 $53.00 $30.00 $180.00 $5.00 $30.00 Normal Profit on Sales 25.00% 20.00% 20.00% 10.00% Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2020. (Round answers to 2 decimal places, e.g. 52.75.) Product