on Completion Status: 2 3 4 5 6 7 8 9 QUESTION 2 he following table gives data pertinent to the inventory of four different products. Normal profit margin on each of the four inventory items is 10 ercent of the selling price of the item. Assume the company uses LIFO to compute inventory costs. EQUIRED: Use the information above and in the table below to calculate ceiling values (NRV), floor values and the unit inventory value under he lower-of-cost-or-market rule for each of the 4 inventory items (A, B, C & D). Provide these calculated values in the boxes below. NOTE: DO NO PUT "," OR "$" IN THE BLANKS A B C D Cost $80 $78 $38 $92 Selling price 85 100 40 100 Replacement cost 75 86 35 64 Estimated cost to complete and 15 15 3 20 sel (1) Ceiling (2) Floor (3) Unit inventory value under LCM rule ALECTION Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answ MAY itv 4 W P X