Using the information in BE10-18, now assume that Sarat Boot uses FIFO for inventory costing purposes. Determine the ending inventory value per unit using the lower-of-cost-or-market rule assuming that Sarat Boot uses the group -by-group approach to LCM.

Data from BE10-18

Sarat Boot Company manufactures two types of boots-rain boots and snow boots. Information related to both products is presented in the following table.

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Normal Profit Current Replacement Cost Selling Price Disposal Costs Group Cost Margin Rain $24 $70 $ 95 110 $12 $60 15 Snow 84 24 93