Question 2: Replacement value and Net realizable value: Information Products Cost Replacement Cost Expected Selling Price Cost to Complete or sale Normal Profit (25%) $8.00 5.00 12.00 4.50 $6.50 7.50 5.00 3.50 $ 8.50 6.50 7.00 5.00 9.00 5.50 10.50 10.00 7.00 $7.75 7.00 8.00 3.00 3.00 6.00 2.50 Instructions: [1] You will apply 25% to calculate the normal profit. (please do not use the one on the table.) [2] You will create three tables to determine the Net Realizable Value Ceiling; Net Realization Value - Floor Value will be used as the market amount [3] Please explain each value will be used as the market amount