1		2		3		4		5
Cost		$8.00		$11.50		$10.00		$8.50		$6.20
Sales price		10.85		12.00		15.20		14.25		10.00
Cost of completion and disposal		2.30		2.15		1.40		4.15		2.00
Market replacement cost		7.90		10.50		12.40		9.25		6.80
Normal profit margin		2.10		3.00		1.00		2.75		1.50

Determine the proper unit inventory price in the above independent cases by applying the lower of cost or market rule. For each scenario, show your work for how you determine market, then choose lower of cost or market.

Case 1		$
Case 2		$
Case 3		$
Case 4		$
Case 5		$