04 American Clothing Company manufactures two types of raincoats-Regular and Stain Resistant Information related to both products is presented in the following table. (Click the icon to view the table) Determine the ending inventory value per unit and the amount of any write-downs per unit using the lower-of-cost-or-market rule assuming that American Clothing uses the LIFO costing method and the group-by-group approach to LCM (Assume that American Clothing Company is a U.S. GAAP reporter.) Begin by determining the ending inventory value per unit and the lower-of-cost-or-market value per unit. (Abbreviations used NRV = Net Realizable Value, NP = Normal Profit Margin) Current Normal Replacement Selling Disposal Profit NRV NRV - NP LIFO Group Cost Price Costs Margin (Ceiling) (Floor) Market Cost LCM Stain Resistant OOOO OO Now determine the amount of any write-downs per unit (Complete all answer boxes. Enter a "o for any zero amounts.) per unit. The required write-down amount for The required write down amount for Regular raincoats is $ Stain Resistant raincoats is 5 per unit Data Table Current Replacement Cost Group Regular Stain Resistant Normal Profit Margin $ 75 42 Selling Price Disposal Costs $ 2205 22 290 160 Cost $ 100 294 270