TASK 1 (LCM) Wolfe Company uses the lower-of-cost-or-market method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2021, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Item FG H Estimated selling price D E Cost $240 $220 $190 $180 $220 $180 Replacement cost 150 160 160 160 100 72 Normal profit Estimated selling expense 240 144 140 60 140 60 60 60 60 50 60 60 40 40 40 40 40 40 Instructions Using the lower-of-cost-or-market rule, determine the proper unit value for balance sheet reporting purposes at December 31,2021, for each of the inventory items above