The December 31, 2020 inventory of Crane Company consisted of four products, for which certain information is
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The December 31, 2020 inventory of Crane Company consisted of four products, for which certain information is provided below.
| Product | | Original Cost | | Replacement Cost | | Estimated Disposal Cost | | Expected Selling Price | | Normal Profit on Sales | |||||
| A | | $28.00 | | | $26.00 | | | $6.00 | | | $50.00 | | | 30.00% | |
| B | | $42.00 | | | $40.00 | | | $10.00 | | | $49.00 | | | 30.00% | |
| C | | $136.00 | | | $131.00 | | | $28.00 | | | $210.00 | | | 25.00% | |
| D | | $19.00 | | | $14.00 | | | $5.00 | | | $25.00 | | | 15.00% | |
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
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