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, 2014, consists of products D, E, F, G, H, and I. Relevant per-unit data for these products appear below.

Instructions
Using the lower-of-cost-or-market rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2014, for each of the inventory itemsabove.

Item Item Item Item Item Item Estimated selling price 240 $220 $190 $180 $220 $180 Cost Replacement cost Estimated selling expense Normal profit 240 144 140 60 40 150 160 160 160 60 50 100 140 60 40 72 60 60 60 60 40 40