forgot to post part b. initially. Please show computations. thanks!

Panther Inc. has three products in its ending inventory. Product 1 has ,000 units, Product 2 has 2,500 units, and Product 3 has 4,000 units. -pecific per unit data at the end of the year for each of the products are is follows: Product 1 Product 2 Product 3 Cost $20 $90 $50 I Replacement cost 18 85 40 Selling price 40 120 70 Selling costs 6 40 10 Normal profit margin 5 30 12 Requirements: a. Determine the total dollar amount to report the total inventory of Panther Inc., assuming that the lower of cost or net realizable value (LCNRV) rule is applied to individual products. Show computations. b. Determine the total dollar amount to report the total inventory of Panther Inc., assuming that the lower of cost or market (LCM) rule is applied to individual products. Show computations. Panther Inc. has three products in its ending inventory. Product 1 has ,000 units, Product 2 has 2,500 units, and Product 3 has 4,000 units. -pecific per unit data at the end of the year for each of the products are is follows: Product 1 Product 2 Product 3 Cost $20 $90 $50 I Replacement cost 18 85 40 Selling price 40 120 70 Selling costs 6 40 10 Normal profit margin 5 30 12 Requirements: a. Determine the total dollar amount to report the total inventory of Panther Inc., assuming that the lower of cost or net realizable value (LCNRV) rule is applied to individual products. Show computations. b. Determine the total dollar amount to report the total inventory of Panther Inc., assuming that the lower of cost or market (LCM) rule is applied to individual products. Show computations